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The Latest Breaking News from Nexperia

Dutch Nexperia takeover saga partly driven by CEO misappropriating $200 million to rescue failing private interests, court records show — U.S. diplomatic pressure may also have played a role

The Dutch government's decision to take over control of Dutch chip manufacturer, Nexperia, wasn't just driven by its desire to retain the company's technology within the bounds of the EU and the Netherlands. The CEO is alleged to have tried to use company funds to make purchase orders at his…

Tom’s Hardware

Chipmaker Nexperia Says Banned From Exporting From China

Chipmaker Nexperia said Tuesday the Chinese government had banned it from exporting goods from China, after Dutch authorities seized control of the Netherlands-based firm citing management concerns.

International Business Times

US raised concerns about Chinese boss of chipmaker before Dutch takeover

Court papers show Netherlands was warned in June that Nexperia might not be able to export to US with him in post

The Guardian - UK

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China retaliates in response to Dutch seizure of Nexperia, blocking chipmaker's exports following takeover — 861,000 square foot assembly site in Gaungdong affected as trade war spirals

In retaliation against the Dutch government seizing control of the Dutch chip company, Nexperia, from its Chinese parent company, China has now blocked Nexperia from exporting products from the Asian-country, raising trade tensions amidst ongoing trade talks with the US.

Tom’s Hardware

Netherlands seizes control of Chinese-owned chipmaker under Cold War-era law

European country claims highly exceptional law invoked to protect economic security

The Independent UK

Nexperia: Dutch Government Takes Control of China-Owned Chip Firm

The Dutch government seizes control of China-owned Nexperia to protect critical chip tech amid rising geopolitical tensions.

International Business Times UK

'The West Is Scared' Of China—And It's Starting to Show

The fear is no longer whispered—it's policy. Western governments are scrambling to contain China's growing leverage, not because of what Beijing has threatened, but because of what it's quietly starting to do.

Benzinga

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Dutch government seizes local chipmaker from its Chinese owner — Nexperia parent company Wingtech preps response to 'exceptional' steps taken to safeguard 'crucial technological knowledge'

The Dutch government has taken control of the Chinese-owned Nexperia, an automotive and consumer chip production company, for national security reasons. It's claiming that to prevent key technologies from leaving European and Dutch soil, it needs to put hard blocks in place.

Tom’s Hardware

Business Brief (Oct. 13): Beijing Decries U.S. ‘Double Standards’ on Trade Controls

China to levy special port fees on U.S. ships, Dutch government orders asset freeze at Chinese-owned Nexperia

Caixin Global

Netherlands invokes rare emergency law to take charge of Chinese chipmaker

The Dutch government has taken temporary control of Chinese-owned chipmaker Nexperia under emergency legislation, citing risks to national and European security and marking one of the most forceful state interventions in Europe’s tech sector to date.

Euronews

Ransomware attack hits top chipmaker Nexperia, huge hoard of data set to be leaked

A terabyte of Nexperia data could soon leak to the dark web, unless the ransom demand is met.

TechRadar

Welsh semiconductor factory ‘left in limbo’ as Westminster fails to approve US takeover

Labour criticises government ‘dithering’, after Vishay deal last autumn to buy chip maker Newport Wafer Fab stalls, putting jobs at risk

The Guardian - UK

UK plans U-turn on powers to halt company takeovers on national security grounds

Change of tack has government treading fine line between being ‘more business friendly’ and defending national interest

The Guardian - UK

Why is China considered a threat to the UK and how is the Government responding?

Prime Minister Rishi Sunak confronted Chinese premier Li Qiang hours after news emerged of two arrests under the Official Secrets Act.

The Independent UK

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Wales Online

Chinese owners of Welsh microchip plant Nexperia look at sale options

The UK Government has ruled that Nexperia sells the plant on national security grounds but the firm still intends to fight the decision through a judicial review

Birmingham Post

Nexperia appoint advisers to look at possible sale of its Newport microchip factory

The company is still seeking to overturn a divestment ruling from the UK Government through a judicial review

Birmingham Post

Tech firm SPTS to create 200 new jobs as part of new £81m HQ in Newport

The firm is currently building a new 200,000 sq ft facility in Newport's Celtic Lakes

Wales Online

Company warns hundreds of jobs could go at Newport Wafer Fab if government blocks takeover

The plant employs around 500 people

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The Guardian - UK

Lack of support denting prospects for UK computer chip sector, say MPs

Call for semiconductor industry plan to be published urgently to help keep Britain in global supply chain

The Guardian - UK

Newport semiconductor factory: ‘Losing these jobs would be devastating’

UK government blocked new Chinese ownership on security grounds, but Nexperia bosses had ‘planned to build two new plants’

The Guardian - UK

Blocking Chinese takeover of UK chip firm ‘bad news’ for Wales, says boss

Government ordered Nexperia to sell 86% of its shareholding in company formerly known as Newport Wafer Fab

Wales Online

The UK's biggest microchip plant in Newport could be reacquired by former owners following UK Government's security risk ruling

Chinese owned Nexperia has been ordered by Business Secretary Grant Shapps to sale its stake in the Newport factory

Birmingham Post

Former owners of UK's biggest microchip firm Newport Wafer Fab poised to reacquire the plant

It comes after the UK Government has ordered Nexperia to divest its ownership of the UK's biggest microchip plant based in Newport

Birmingham Post

Decision on takeover of Newport Wafer Fab on national security grounds delayed

Business Secretary Kwasi Kwarteng has confirmed a further 45 working days to assess the acquisition of Newport Wafer Fab, which is ultimately-owned by Chinese firm Wingtech

The Guardian - UK

Decision on sale of UK’s biggest chip maker to Chinese-owned firm delayed

New national security legislation used to allow more time to scrutinise £63m deal for Newport Wafer Fab

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