Nexperia, the Dutch semiconductor based company that is a subsidiary of China based firm Wingtech Technology, is apparently planning on buying Newport Wafer Fab, which is the largest chip maker in the US.
According to a SCMP report, Nexperia is planning on acquiring the UK chip maker for a 63 million Pounds (roughly 87 US Dollars). The report arrives from anonymous sources close to the matter last week. The news of the deal arrives amid Beijing’s push for technological self reliance. This move has led to the Chinese government pouring resources into the development of local semiconductor industry. The effort is primarily driven by US sanctions that have disrupted the supply chains of Chinese companies.
At the moment, experts in the UK have expressed their concerns regarding security about the Nexperia-Newport deal. A Nexperia spokesperson said the company is still in talks with the Newport Wafer Fab and the Welsh government but has declined to further comment on the matter. Notably, Wingtech had purchased stakes worth 4.14 billion US Dollars into Nexperia, acquiring 80 percent stake in the Dutch firm. This share has now increased to 98.2 percent last year, with the Chinese firm buying out stakes in Nexperia to expand into semiconductor technology.
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