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Italy exercises golden power in the semiconductor sector for the 3rd time in 2021

On November 18, 2021 the Draghi Government vetoed the joint venture operation between Zhejiang Jingsheng Mechanical (Chinese microchip manufacturer) and the Hong Kong branch of the US company Applied Materials (specialized in the production of semiconductor software) for the acquisition of the Italian activities of the American group Applied Materials, specialized in equipment for screen printing.

Since 2012, Italy exercised Golden Power five times, four of which in transactions involving Chinese investments. In 2021 alone, Italy exercised its golden power 3 times, two of which in the semiconductor sector.

Avv. Lifang Dong and Avv. Chiara Civitelli

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