Germany’s economic ministry said in a statement that it had prohibited Elmos Semiconductor, which makes chips for the automotive industry, from selling its factory in Dortmund to Silex, a Swedish subsidiary of China’s Sai Microelectronics.The decision had been taken “because the acquisition would have endangered the public order and safety of Germany,” the ministry said in a statement.“We have to take a close look at company acquisitions when important infrastructure is involved or when there is a risk of technology flowing to acquirers from non-EU countries,” German economy minister Robert Habeck said at a press conference.Only last week, Chancellor Olaf Scholz met with Chinese leader Xi Jinping in the first visit by a G7 leader to Beijing in roughly three years, a trip designed to shore up export markets as Germany’s ties with Russia — once its biggest supplier of natural gas — continue to unravel.A delegation of top industry CEOs, including the bosses of Volkswagen (VLKAF), Siemens (SIEGY) and chemicals giant BASF (BASFY), traveled with Scholz to Beijing to meet with Chinese business executives."