Nexperia, a Dutch chip firm owned by China’s Wingtech, said on Monday that it will acquire UK chip foundry Newport Wafer Fab.
CNBC said in its report that the deal is worth 63 million pounds.
Nexperia will own a 100% stake in Newport’s fab in Wales.
The UK foundry’s fab was founded in 1982 and has a production capacity of 35,000 200mm wafers per month. It manufactures MOSFET, IGBT, CMOS, analog chips, among others.
Nexperia COO Achim Kempe said in a statement: “The Newport facility has a very skilled operational team and has a crucial role to play to ensure continuity of operations. We look forward to building a future together.”
The deal has faced some opposition from those in the UK government over national security concerns.
Wingtech acquired a 100% stake in Nexperia in 2018. Nexperia is a power management chip company that split off from chip giant NXP.
The Chinese firm is an original design manufacturer of Samsung phones.
