By Josh Horwitz (Reuters) -A consortium led by Beijing Jianguang Asset Management and Wise Road Capital will become a strategic investor in Chinese ch.
There's BAE Systems' contract to supply advanced Military Code (M-Code) GPS modules, reports of Arm going into cost reduction mode, Intel in pole position for worldwide semiconductors, the Newport Wafer Fab under threat and the size of the neuromorphic sensing market.
China in Newport Wafer Fab stealth grab
Newport Wafer Fab is under threat of being taken over by Chinese interests.
Nexperia, the NXP standard products unit which, in 2016, was sold to Chinese financial companies – Jianguang Asset Management and Wise Road Capital – has appointed two directors to the Newport Wafer Fab board after a contract dispute.
In December 2029, WingtechTechnology – a Shanghai computer and telecom equipment manufacturer – obtained a controlling stake in Nexperia from Jianguang.
Nexperia which is still headquartered in the Netherlands, said: “Nexperia is the second largest shareholder in Newport Wafer Fab since 2019 and has contractual rights to appoint board members in defined circumstances. Since these circumstances have arisen, Nexperia has exercised these rights.”