British chip maker Newport Wafer Fab acquired by Wise Road Capital, a little-known Chinese venture capital fund

Source: Tech – South China Morning PostA five-year-old Chinese private equity fund is emerging as a front runner in acquiring semiconductor operations across Asia and Europe, and in some cases relocating the assets to China in line with Beijing’s desire for greater self-sufficiency in chips.Wise Road Capital appeared on the radar in 2017 when it joined sister fund JAC Capital to acquire NXP Semiconductors’ standard products business for US$2.75 billion, renaming the unit Nexperia.In June last year, Wise Road sold its equity stake in…Read More

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