English
Chinese Firm to Buy NXP Spinoff
By Dylan McGrath, EETimes
October 26, 2018
SAN FRANCISCO — Chinese contract manufacturer Wingtech Technology Co Ltd said it has struck deals to acquire a controlling stake in Netherlands-based Nexperia, a spin off of NXP Semiconductors.
According to a report from the Reuters news service, Wingtech announced it would spend about $2.67 billion to acquire shares of Nexperia from existing owners. The company had announced last month it would pay about $964 million to acquire another owner of Nexperia, Reuters reported. As a result of these transactions, Wingtech will own about 75% of Nexperia.
|
E-mail This Article | 
|
|
Printer-Friendly Page |
Related News
- NXP and Chinese Private Equity firm JianGuang Asset Management to Establish Semiconductor Joint Venture
- Chinese chipmaker Tsinghua Unigroup to buy France's Linxens for $2.6 billion: sources
- Reports: ARM agrees to create Chinese IP firm
- NXP Unit Reportedly Attracts Chinese Suitors
- NXP: 'We Need to Be More Chinese'
Breaking News
- Ubitium Debuts First Universal RISC-V Processor to Enable AI at No Additional Cost, as It Raises $3.7M
- TSMC drives A16, 3D process technology
- Frontgrade Gaisler Unveils GR716B, a New Standard in Space-Grade Microcontrollers
- Blueshift Memory launches BlueFive processor, accelerating computation by up to 50 times and saving up to 65% energy
- Eliyan Ports Industry's Highest Performing PHY to Samsung Foundry SF4X Process Node, Achieving up to 40 Gbps Bandwidth at Unprecedented Power Levels with UCIe-Compliant Chiplet Interconnect Technology
Most Popular
- Cadence Unveils Arm-Based System Chiplet
- CXL Fabless Startup Panmnesia Secures Over $60M in Series A Funding, Aiming to Lead the CXL Switch Silicon Chip and CXL IP
- Esperanto Technologies and NEC Cooperate on Initiative to Advance Next Generation RISC-V Chips and Software Solutions for HPC
- Eliyan Ports Industry's Highest Performing PHY to Samsung Foundry SF4X Process Node, Achieving up to 40 Gbps Bandwidth at Unprecedented Power Levels with UCIe-Compliant Chiplet Interconnect Technology
- Arteris Selected by GigaDevice for Development in Next-Generation Automotive SoC With Enhanced FuSa Standards