Sadly UK politics is totally in witch hunt mode regarding China. This is very depressing. Unfortunately it happens also with many European politicians..but not on this scale, not on this level of insanity.
BTW Newport Wafer Fab is a very old fab, with very old technology that very probably would bankrupt if Nexperia, an European company, didn't buy it. Nexperia is European with Chinese owners.
I saw a tweet online from a British who talked about how he studied Chinese to understand Chinese cultural and values and half of his classmates are like him and now see China as equals. The other half studied Chinese just to control China or turn China into having Western values. And that the second group join the British ruling class.
We have a situation where many Westerners are simply not informed of how advanced China is technologically. It would shock most Americans to know that Chinese EV companies are producing great cars or that clean energy companies are producing advanced clean energy solutions. It's going to take another decade or two for many Europeans and Americans to realize that China has surpassed Western countries in many high tech fields. At which point, the choice is to work with China to stay technologically competitive or to fall behind.
I would not give this much continued respect to British companies. If they want to be China hawks, then their economy will suffer. By the time Britain realizes that it has no relevance in the most critical industries in the 21st century, it will be too late. China needs to develop to the point where not cooperating with China in high tech field will be a big loss.
I wouldn't group continental Europe in this category. Wait until the current tension over Ukraine is over. If European head of states want to treat China as equals, then work with them.