Chinese-owned Nexperia said to buy UK’s largest chip maker Newport Wafer Fab for US$87 million

Source: Tech – South China Morning PostDutch semiconductor company Nexperia, a subsidiary of Chinese technology firm Wingtech Technology, is said to be in talks to acquire Newport Wafer Fab (NWF), the UK’s largest chip maker, for £63 million (US$87 million), according to a report from CNBC citing anonymous sources on Friday.News of the deal comes as Beijing pushes for technological self-reliance, which has led to resources being poured into developing the domestic semiconductor industry. US sanctions have cut off Chinese companies…Read More

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