The ownership fate of one of Wales’ leading technology firms and the biggest producer of microchips in the UK needs to be concluded swiftly to give investor confidence in the wider compound semiconductor cluster in the Cardiff Capital Region, says Economy Minister Vaughan Gething.
Newport Wafer Fab was acquired by Amsterdam-based Nexperia, whose ultimate owners is Chinese firm and Shanghai-listed Wingtech Technology, last year.
Nexperia, having been previously held a minority shareholding in the Newport-based facility which employs 500, was able to take total ownership having evoked a clause in the event of the facility being unable to meet customer orders.
