Chinese firm to buy Nexperia for $3.6 billion

November 07, 2018 // By Peter Clarke
Wingtech Technology Co. Ltd. (Shanghai, China) is acquiring Nexperia BV (Nijmegen, The Netherlands), a manufacturer of discretes, logic and MOSFET devices for 25.2 billion yuan ($3.63 billion) by buying out the majority owning consortium that acquired Nexperia from NXP.

Nexperia was formed in February 2017 by the purchase of the standard products business unit of NXP Semiconductors NV (Eindhoven, The Netherlands) by a consortium led by China's Beijing Jianguang Asset Management Co. Ltd. and Wise Road Capital Ltd.

Wingtech is a contract manufacturer for Chinese smartphone companies including Huawei Technologies and Xiaomi Corp, and is planning to pay 18.45 billion yuan to buy stakes from Nexperia owners, according to a Reuters report.

On completion of the deal Wingtech will indirectly own 75.86 percent of Nexperia although the acquisition is subject to regulatory approval including from the Committee on Foreign Investment in the United States (CFIUS).

Nexperia employs more than 11,000 people and has wafer fabs in Hamburg, Germany and Manchester, UK and assembly centers in Guangdong, China, Seremban, Malaysia and Cabuyao, Philippines. The company is investing in increasing its capacity and footprint, having recently made a significant expansion to its Guangdong Assembly and Test Facility in China.

Related links and articles:

www.nexperia.com

News articles:

Discretes, power chip maker Nexperia raises $800 million

NXP downsizes by 25% with sale of business unit to China

Growth of OSD component markets to ease in 2018


Vous êtes certain ?

Si vous désactivez les cookies, vous ne pouvez plus naviguer sur le site.

Vous allez être rediriger vers Google.