Chinese takeover of Newport Wafer blocked by British regulators
E&T
NOVEMBER 17, 2022
UK Business Secretary Grant Shapps has ordered Nexperia to sell its majority stake in Newport Wafer Fab, the Welsh semiconductor firm it acquired for £63m. . In July 2021, the firm completed its acquisition of Newport Wafer Fab, after purchasing 86 per cent of company shares, in addition to the 14 per cent it already possessed. .
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