UK government approves Vishay's $177m acquisition of Newport Wafer Fab, securing 400 jobs and allowing expansion.
UK government approves Vishay's $177m takeover of Newport Wafer Fab, previously owned by Nexperia with Chinese connections. Vishay plans to expand operations, including R&D for compound semiconductor development, and save over 400 jobs. The UK government will maintain tight control over sensitive information and requires Vishay to report any future deals involving the factory.
March 04, 2024
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