London, (Asian independent) In a first, the UK government has blocked University of Manchester from sharing motion camera technology with a Chinese firm over national security concerns, the media reported on Friday.
Kwasi Kwarteng who is business, energy and industrial strategy secretary stopped the university not to share the camera technology with Beijing Infinite Vision Technology, reports South China Morning Post.
“There is a potential that the technology could be used to build defence or technological capabilities, which may present national security risk to the United Kingdom,” Kwarteng said in the order.
“Those risks would arise on the transfer of the intellectual property to the acquirer.”
The University of Manchester and the Acquirer have entered into a licence agreement that enables the Acquirer to use intellectual property relating to SCAMP-5 and SCAMP7 vision sensing technology to develop, test and verify, manufacture, use, and sell licenced products.
It was the first time the UK government used new powers to block a deal under the National Security and Investment Act 2021.
“The Secretary of State considers there is potential that the technology could be used to build defence or technological capabilities which may present national security risk to the UK and those risks would arise on the transfer of the intellectual property to the Acquirer,” read the final order.
“The Secretary of State considers that the final order is necessary and proportionate to mitigate the risk to national security,” it added.
Kwarteng is separately conducting a full national security assessment of the $75 million acquisition last year of the country’s biggest semiconductor maker Newport Wafer Fab by Nexperia, a Dutch subsidiary of China’s Wingtech Technology, the report noted.
