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Semiconductors

China's Wingtech builds $2bn EV-geared plant amid chip shortage

Power semiconductors fall outside reach of US sanctions

A Nexperia assembly plant in Guangdong Province: The joint factory with Wingtech will produce EV chips.

TOKYO/BEIJING -- Chinese electronics manufacturer Wingtech Technology will invest 12 billion yuan ($1.8 billion) to build a factory that makes semiconductors for electric vehicles in Shanghai, moving to produce a key component domestically amid a global chip supply crunch.

Wingtech is building the plant together with Nexperia, a Dutch chipmaking subsidiary. The facility is expected to become operational next year.

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