Britains biggest chip plant has been bought by US semiconductor firm Vishay for $177mn.
The Newport Wafer Fab in Wales was previously owned byNexperia, which acquired the business in 2021.
Nexperia is headquartered in the Netherlands, but the company is a subsidiary of Chinas Wingtech.
This ownership structure attracted intervention from UK lawmakers.
Last year, the British governmentordered Nexperia to sell the majority of its stake in Newport Wafer Fab.
The move was explained as an attempt to mitigate the risk to national security.
The chips are particularly prominent in the automotive sector.
40% off TNW Conference!
Nexperia, meanwhile, described the deal as the most viable option available.
The company welcomed Vishays commitment to develop the 28-acre site, but criticised the British governments actions.
Story byThomas Macaulay
Thomas is the managing editor of TNW.
He leads our coverage of European tech and oversees our talented team of writers.
Away from work, he e(show all)Thomas is the managing editor of TNW.
He leads our coverage of European tech and oversees our talented team of writers.
Away from work, he enjoys playing chess (badly) and the guitar (even worse).
