• Newport Wafer Fab acquired by Chinese language-owned Nexperia

    Sefa Ozel | E+ | Getty Pictures

    LONDON — Nexperia, a Dutch chip agency owned by China’s Wingtech, confirmed on Monday that it plans to amass the U.Okay.’s largest chip producer, Newport Wafer Fab.

    It comes after two folks near the deal advised CNBC on Friday that the acquisition could be formally introduced early this week.

    Nexperia, which turned NWF’s second-largest shareholder in 2019, mentioned the acquisition will assist it to make extra chips and meet hovering demand.

    Achim Kempe, Nexperia’s chief operations officer, mentioned in an announcement: “The Newport facility has a really expert operational staff and has a