Wingtech Of China Acquired The Largest Chip Factory In The Uk

Wingtech said it was agreed to buy a car chip factory which is losing this loss from the company Neptune 6. The details of the agreement are still in the process of implementation of the 9:00 to 1: 59 illustration. (Source: CNBC.COM) China's largest Wingtech Technology smartphone assembly company will acquire the largest Newport Wafer Fab chip factory in the UK based in Wales to increase capacity in the lack of context Chip supply across the globe.Ipps on the Stock Exchange on 5/7 late night, Wingtech said it has agreed to buy a car chip factory that is losing the losses above from the company owns Neptune 6

. Applications, the details of the agreement are still in the process of implementation and ownership have not been transferred yet. The agreement value has not been announced, whether the financial news channel CNBC led sources to say it could be £ 63 million (US $ 87 million). The acquisition was conducted through Nexperia, the chip manufacturer Wingtech acquired in 2019 from China's JAC Capital Foundation
JAC acquired this Dutch company from the NXP chip manufacturer for $ 2.75 billion in 2016, the biggest acquisition in this field in China so far. Service can help China to ensure Book more automobile chips in the context of lack of supply across the globe and strengthen the supply chain of the country. China can also enhance access to chips during the US to bring the chip manufacturer under the largest contract of the country is semiconductor manufacturing international co to "blacklist" due to the relationship in the field of defense.Newport Wafer Fab has customers who are Nexperia, Stmicroelectronics, Samsung, Motorola and other chip developers.Nexperia is home Manufacturing the largest automobile chip in China and aims to compete with global leading companies is Infineon and NXP. However, this deal can attract the Government's attention, when the countries above The world prioritizes domestic chip production as a national security issue. President of the Supervisory Committee The foreign parliament of the British Parliament, Tom Tugendhat, in mid-June said the sale of Newport Wafer FAB would have to be considered under the Law on National Investment and National Security./.Le Minh (VNA / Vietnam)

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