UK blocks Chinese purchase of EDA company Pulsic

UK blocks Chinese purchase of EDA company Pulsic

Business news |
By Peter Clarke

The UK government’s has blocked the takeover of EDA software licensor Pulsic Ltd. (Bristol, England) by Super Orange HK Holding Ltd. under the National Security and Investment Act 2021.

It is not known how much Super Orange was prepared to pay for private company Pulsic.

A final order was made by Kwasi Kwarteng, the Secretary of State for Business, Energy and Industrial Strategy on the grounds of national security.

The government said that Pulsic’s EDA software for place and route planning and implementation could be used to design leading-edge ICs that could used for military applications.

It also argued that the EDA tools could be used to secretly introduce features or functions into users ICs without their knowledge and that those users could be designing circuits that could be used in defence applications.

The UK has started to become more diligent about potential acquisitions of technology companies and is investigating the already closed purchase of Newport Wafer Fab by Nexperia BV, which is owned by a Chinese company

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