Nexperia sells Newport Wafer Fab to American chipmaker for $177M

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Nexperia sells Newport Wafer Fab to American chipmaker for $177M
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Good news for skilled workers with new owner aiming to 'safeguard positions'

The company, described as a global manufacturer of discrete semiconductors and passive electronic components, intends to use the facility to set up production for silicon carbide Trench MOSFETs and diodes.

The company came under new leadership earlier this year and has a goal of investing approximately $1.2 billion in new capacity over a three-year period. Commenting on the sale, Versluijs said:"Nexperia would have preferred to continue the long term strategy it implemented when it acquired the investment-starved fab in 2021 and provided for massive investments in equipment and personnel."Another UK tech company bought out: Schneider Electric grabs rest of Aveva

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