The UK blocks the sale of Newport Wafer Fab to Nexperia, owned by China's Wingtech, on national security grounds and orders Nexperia to divest 86% of Newport
Financial Times :
Sources: Newport Wafer Fab's prior owner is orchestrating a bid to buy back the company, as the UK plans to tell Chinese-owned Nexperia to reduce its stake
Financial Times : Tweets: @editorbtb Tweets: Sam / @editorbtb : What a dog's breakfast. Drew Nelson, the previous owner of Newport Wafer Fab, is in a bid to buy back the company he sold to Chinese-ow...
Experts say the chip market is facing an “inventory correction”, which could be the worst downturn in a decade, as the global economy weakens and demand fades
Even in an industry famous for its roller-coaster cycles, chipmakers are bracing for a particularly severe shift in coming months … Tweets: @pelstrom , @shiraovide , @pelstrom , @pelstrom , @ru_unforg...
Sources: US lobbied against Newport Wafer Fab acquisition by Dutch subsidiary of China's Wingtech, a deal UK allowed, before launching a national security probe
Wall Street Journal : Tweets: @stuwoo Tweets: Stu Woo / @stuwoo : What does the U.S.-China tech Cold War look like in practice? I talked to people about how a U.S. diplomat is trying to get the U.K. ...
Sources: the UK quietly approved the controversial sale of Welsh microchip factory Newport Wafer Fab to Nexperia, the Dutch subsidiary of China's Wingtech
LONDON — The U.K. government has quietly approved the controversial sale of a Welsh microchip factory to a Chinese-owned firm.