Home > Hardware > Components > UK Tech Sector Concerned About Newport Wafer Takeover

UK Tech Sector Concerned About Newport Wafer Takeover

The UK’s largest chip producer, Newport Wafer Fab, is set to be acquired by Chinese-owned semiconductor company Nexperia for around US$87 million.

Nexperia, a Dutch firm 100 percent owned by China’s Wingtech Technology, told CNBC that the deal talks are ongoing. Located in Newport, South Wales, privately held NWF’s chip plant dates back to 1982 and it is one of just a handful of semiconductor fabricators in the UK

Nexperia is set to announce the takeover as soon as this week. The potential deal has raised concerns throughout the British tech sector which has raised concerns with Westminster.

You may also like
“Spiritual Opium”: Chinese Game Stocks Crash As State Media Lets Rip
China Mobile Phone Shipments Take A Tumble: IDC
Investors Concerned Over China Tech Crackdown
Who Would Really Benefit From A Telstra Digicel Buyout?
US Finalises Huawei Rip And Replace Rules