The UK Government is still assessing whether to call in the Chinese acquisition of one of the Wales’ leading firms on national security grounds - with just over a two month window left to decide.
Last year Amsterdam-based Nexperia, which is owned by Chinese and Shanghai listed Wingtech acquired semiconductor firm Newport Wafer Fab (NWF), in a £63m deal.
It previously had a minority 15% stake in the Newport-based firm, but had a right to acquire the entire business in the event of customer supply issues. This saw it taking over the plant from indigenous owner of the UK’s biggest chip making facility, Neptune Six, last summer.
