(Corrects headline to specify takeover would be of chip production (not Elmos itself)
BERLIN (Reuters) – The German government plans to approve a Chinese takeover of the chip production of Dortmund-based company Elmos, business daily Handelsblatt reported on Thursday, citing government sources.
The economy ministry is examining the sale of Elmos’ chip factory to competitor Silex, a Swedish company that is a subsidiary of Chinese group Sai Microelectronics, Handelsblatt reported, adding approval is expected in the coming weeks.
The ministry had no immediate comment when contacted by Reuters.
(This story has been corrected to fix the headline to specify that the takeover would be of chip production, not Elmos itself)
(Writing by Paul Carrel, editing by Rachel More)
