GUANGZHOU -- China's Wingtech Technology said Thursday it has agreed to sell British semiconductor fab Nexperia Newport to U.S. chip company Vishay Intertechnology, following a U.K. government order to unload the facilities on security grounds.
Semiconductors
China's Wingtech to sell U.K. chipmaking plant amid security concern
Sale to U.S. buyer follows London's order to divest wafer fab
Chinese company Wingtech will sell British semiconductor fab Nexperia Newport, with the price set at $177 million. (Image courtesy of Wingtech)
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