Was Germany’s security really at risk? Federal Minister for Economic Affairs and Climate Protection Robert Habeck has cited geostrategic risks as the reason for prohibiting the takeover of chip manufacturer Elmos by a Swedish-Chinese competitor. With reference to overarching political goals, he managed to block the takeover. It is fitting that he immediately blacklisted another takeover on Wednesday: According to the minister’s will, ERS Electronic will also not go to a Chinese buyer.