Technology

China-backed company buys UK’s largest chip factory

The UK’s largest chipmaker, Newport Wafer, will sell itself to Chinese semiconductor company Nexperia for $87 million next week, according to two sources familiar with the matter told CNBC. Nexperia is a Dutch company but 100% belongs to Wingtech Technology of China. Speaking to CNBC, the company said negotiations were still ongoing. Located in Newport, […]