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The Chinese firm behind the acquisition of the UK s largest chip plant is state backed, analysis shows

The Chinese firm behind the acquisition of the UK’s largest chip plant is state backed, analysis shows CNBC 18 hrs ago Sam Shead Wingtech Technology is heavily backed by the Chinese Communist Party, according to analysis from Chinese investment screening specialists Datenna. Wingtech is the Chinese owner of Dutch chip firm Nexperia, which confirmed on Monday that it plans to buy the U.K. s largest chip plant. Almost 30% of Wingtech s shares can be traced back to the Chinese government, Datenna found. © Provided by CNBC LONDON The Chinese owner of a Dutch chip firm that wants to buy the U.K. s largest chip plant is heavily backed by the Chinese Communist Party, according to analysis from Chinese investment screening specialists Datenna.

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