Tories flog off largest British fab to Yanks

Stefan Mileschin · 5th March 2024, 08:01

Newport chip factory sold for €163 million

The UK government has said yes to selling Newport Wafer Fab (NWF), the country's biggest computer chip maker, to US firm Vishay Intertechnology for €163 million.

The OK comes after a check under the National Security and Investment Act, letting ministers step in in deals involving sectors critical to national security.

The plant's old owner, Netherlands-based Nexperia Group, owned a 14 per cent share, making that 100 per cent in July 2021. However, the deal faced many questions due to national security worries from Nexperia's ownership by Chinese state-owned Wingtech Technology.

A check by the UK government in late 2022 said fears of possible influence from China messing up the country's semiconductor-making skills and knowledge-sharing worries. After this, Nexperia had to sell its share in the place.

https://fudzilla.com/news/58563-tori...h-fab-to-yanks

5th March 2024, 08:01	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 148,738	Tories flog off largest British fab to Yanks Newport chip factory sold for €163 million The UK government has said yes to selling Newport Wafer Fab (NWF), the country's biggest computer chip maker, to US firm Vishay Intertechnology for €163 million. The OK comes after a check under the National Security and Investment Act, letting ministers step in in deals involving sectors critical to national security. The plant's old owner, Netherlands-based Nexperia Group, owned a 14 per cent share, making that 100 per cent in July 2021. However, the deal faced many questions due to national security worries from Nexperia's ownership by Chinese state-owned Wingtech Technology. A check by the UK government in late 2022 said fears of possible influence from China messing up the country's semiconductor-making skills and knowledge-sharing worries. After this, Nexperia had to sell its share in the place. https://fudzilla.com/news/58563-tori...h-fab-to-yanks

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