Government approves takeover of Newport Wafer Fab

Previous owner forced to sell stake over links to China

clock • 2 min read
The Newport fab produces compound semiconductors, not the silicon chips used in computing applications
Image:

The Newport fab produces compound semiconductors, not the silicon chips used in computing applications

The UK government has given the green light to the sale of Newport Wafer Fab (NWF), the country's largest computer chip maker, to US-based Vishay Intertechnology for £140 million.

The approval comes after a review conducted under the National Security and Investment Act, which empowers ministers to intervene in transactions involving sectors deemed critical to national secur...

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