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China smartphone maker says UK chip plant purchase 'complete'

Wingtech announcement comes weeks after British PM said deal was being reviewed

Wingtech's purchase of Newport Wafer Fab of the U.K. comes amid a global shortage of chips. (Photo courtesy of Wingtech)

TAIPEI -- China's largest smartphone assembler Wingtech Technology on Monday said it has completed its acquisition of the U.K.'s largest chip plant, in a move aimed at securing new sources of semiconductors amid a global supply crunch.

The Chinese company said it received notification last week from Companies House, the U.K. registrar of companies, that ownership of Wales-based Newport Wafer Fab has been transferred to Wingtech subsidiary Nexperia.

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