UK’s biggest chip plant sold by Chinese-owned firm after government order

Britain’s biggest chip plant has been bought by US semiconductor firm Vishay for $177mn. The Newport Wafer Fab in Wales was previously owned by Nexperia, which acquired the business in 2021. Nexperia is headquartered in the Netherlands, but the company is a subsidiary of China’s Wingtech. This ownership structure attracted intervention from UK lawmakers. Last year, the British government ordered Nexperia to sell the majority of its stake in Newport Wafer Fab. The move was explained as an attempt to “mitigate the risk to national security.” The end result is a new owner for the factory, which makes semiconductors for millions of…

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