Last Updated on 10th November 2023
Nexperia will sell its Neptune 6 wafer Fab plant to Vishay Technology due to pressure from the UK government. The company will sell its wafer fab plant to Siliconix, a subsidiary of semiconductor manufacturing company Vishay Technology, for USD 177 million. The sale is expected to be completed next year which will generate a revenue of about USD 53 million, the firm noted. Nexperia is owned by China’s biggest smartphone assembler Wingtech Technology
Nexperia bought Neptune 6 from the parent firm Newport wafer fab plant for around USD 74 million in 2021. The further investment plans were cut short by the unexpected and wrongful divestment order made by the UK government in November 2022. Neptune 6 had USD 143 million in total assets and USD 92 million in total liabilities.
In a press release, Nexperia stated that the transaction is currently under the UK government's review. The country manager Toni Versluijs stated that the site needs clarity about its future to avoid further losses. He also added that Vishay Technology has a solid customer base for fab capabilities.
Nexperia is a semiconductor manufacturer headquartered in Nijmegen, the Netherlands. It is a subsidiary of the partially state-owned Chinese company Wingtech Technology. It has front-end factories in Hamburg, Germany, Greater Manchester, England, and Newport, Wales. It is the former Standard Products business unit of NXP Semiconductors (previously Philips Semiconductors).
Vishay Technology is an American manufacturer of discrete semiconductors and passive electronic components. It is headquartered in Malvern, Pennsylvania, and has over 23,000 employees worldwide. Vishay's products are used in a wide range of electronic devices, including smartphones, tablets, wearables, computers, servers, networking equipment, automotive electronics, and industrial electronics.
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