The final date for a decision on the UK government’s investigation of Nexperia’s purchase of chipmaker Newport Wafer Fab has been pushed back to October 5, according to a Sunday Times report.
Earlier this year the UK government decided to investigate the purchase of the UK’s largest and most advanced chip manufacturer under the National Security and Investment act, which came into force at the beginning of 2022.
A ruling was expected by September 12 but has been set back due to a change of administration and Prime Minister within the UK government, due September 5.
The newspaper also reports that private equity group Palladian Investment Partners LLC is eager to buy Newport Wafer Fab, which was acquired by Nexperia in 2021. Nexperia NV (Nijmegen, The Netherlands) is owned by Wingtech Technology (Shanghai, China), completed the acquisition of NWF in July 2021 and immediately renamed the factory Nexperia Newport.
Atlantic Bridge, the Irish venture capital firm is also said to be interested in taking a stake in NWF if Nexperia is compelled to sell.
Headlight Technology Partners Ltd. is another fund reportedly in talks to raise £500 million (about €590 million or US$590 million) for use across multiple investments including, potentially, NWF (see Technology fund formed for Newport Wafer Fab rescue bid).
Related links and articles: