Nexperia’s acquisition of the Newport Wafer Fab (NWF) has been completed. Some doubts arose when British politicians and press went up in arms over the deal, prompting Prime Minister Boris Johnson to ask his national security adviser to evaluate the takeover of the Welsh facility. This didn’t result in a formal review, however, because there are currently no legal grounds to do so. According to a document published by the British company registrar, Nexperia currently holds all NWF shares.
“Contrary to media and parliamentary reports, Nexperia has in fact safeguarded Newport Fab’s role within the UK’s semiconductor industry,” Nexperia said in a statement. Early this year, NWF came close to collapse, prompting its customer and shareholder Nexperia to step in and acquire it. The Nijmegen-based semiconductor company intends to invest 40-45 million dollars within the next twelve months to increase production capacity and make the facility profitable.