Chinese ownership of Newport chip fab dubbed first order strategic issue totaltele.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from totaltele.com Daily Mail and Mail on Sunday newspapers.
Amid chip woes, Nexperia ups Newport stake to 100% By HE WEI in Shanghai | China Daily | Updated: 2021-07-07 09:47 Share CLOSE A technician works at the workshop of the carmaking-related chip production company in Qinhuangdao, Hebei province. [Photo/Xinhua]
Amid an unmitigated global chip shortage, Nexperia, a semiconductor firm owned by China s Wingtech Technology Co Ltd, confirmed on Monday its outright acquisition of the UK-based chipmaker Newport Wafer Fab, in which it has been the second-largest shareholder since 2019.
The acquisition of the 100 percent stake assumes significance as the global technology, automotive and appliance markets, including those in China, are facing a severe shortage of semiconductors.
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China is looking to get its hands on more semiconductor manufacturing technology through a cut-price deal that will see the Dutch chip maker Nexperia B.V. acquire U.K.-based Newport Wafer Fab.
Nexperia, which is owned by the Chinese private equity firm Wingtech Technology Co. Ltd., is already the second-largest shareholder in NWF, CNBC reported. Nexperia Chief Operations Officer Achim Kempe said that acquiring NWF, the largest chip producer in the U.K., would help it to make more chips and meet soaring demand for its products.
“The Newport facility has a very skilled operational team and has a crucial role to play to ensure continuity of operations,” Kempe told CNBC. “We look forward to building a future together.”
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