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Top related persons:
China's Wingtech - 2 Mark Porter - 2 Micky Adriaansens - 1 Charlotte Van Campenhout - 1 Benoit Van Overstraeten - 1 Jan Harvey - 1 Nexperia - 1 chipmaker - 1
Top related locs:
AMSTERDAM Delft Netherlands Germany Nijmegen , Netherlands Europe Newport , Wales
Top related orgs:
Thomson - 2 Economic - 1 European - 1 British - 1 Standard Products - 1 Wingtech - 1

Search resuls for: "China's Wingtech"


3 mentions found


☆ Netherlands to allow takeover of chip startup Nowi by Chinese-owned Nexperia
  + stars: | 2023-11-27 | by ( ) www.reuters.com   time to read: +1 min
AMSTERDAM, Nov 27 (Reuters) - The Dutch government on Monday said that, after an assessment, it won't block Chinese-owned Nexperia's acquisition of Delft-based start-up Nowi. "There are no legal objections to the acquisition of Nowi by Nexperia," Economic Affairs Minister Micky Adriaansens said in a letter to parliament. Nexperia, owned by China's Wingtech (600745.SS), bought Nowi, which has around 40 employees, for an undisclosed sum in 2022. But the Dutch government decided to vet the deal retroactively in May 2023 after it established a new office to review foreign takeovers of potentially sensitive technologies. Reporting by Charlotte Van Campenhout and Benoit Van Overstraeten; Editing by Jan Harvey and Mark PorterOur Standards: The Thomson Reuters Trust Principles.
Persons: Micky Adriaansens, China's Wingtech, Charlotte Van Campenhout, Benoit Van Overstraeten, Jan Harvey, Mark Porter Organizations: Economic, Thomson Locations: AMSTERDAM, Delft
☆ Wingtech-owned Nexperia denied German subsidy
  + stars: | 2023-06-08 | by ( ) www.reuters.com   time to read: +1 min
AMSTERDAM, June 8 (Reuters) - Computer chip maker Nexperia, which is headquartered in the Netherlands and owned by a Chinese company, has been denied a request for a subsidy in Germany. A spokesperson for Nexperia, based in Nijmegen, Netherlands, and owned by China's Wingtech (600745.SS), said the company had not been given an explanation for the rejection. Dutch newspaper Het Financieele Dagblad initially reported the news, citing a European Commission document. Nexperia has had several plans for projects in Europe disrupted by government concerns in the past year over its Chinese ownership. Nexperia is the former Standard Products division of chipmaker NXP (NXPI.O), spun off in 2016 and acquired by Wingtech in 2018.
Persons: China's Wingtech, Nexperia, chipmaker, Toby Sterling, Leslie Adler, Mark Porter Organizations: European, British, Standard Products, Wingtech, Thomson Locations: AMSTERDAM, Netherlands, Germany, Nijmegen , Netherlands, Europe, Delft, Newport , Wales
☆ British lawmakers say business at risk from lack of chip support
  + stars: | 2022-11-28 | by ( ) www.reuters.com   time to read: +2 min
LONDON, Nov 28 (Reuters) - Britain must support its semiconductor industry to win inward investment and secure supplies of the chips essential to its industrial and economic prospects, a group of lawmakers said. Spurred by a global shortage, governments in the United States and Europe have ploughed tens of billions of dollars into semiconductors, including building new manufacturing "fabs". "The government is putting UK plc at significant risk by failing to take action in support of the semiconductor industry," said Darren Jones, chair of the business, energy and industrial strategy committee. The committee said Britain should cooperate with the United States under its CHIPS act, and engage with Taiwan, which is the world's biggest manufacturer of advanced chips. The lawmakers said while Britain's semiconductor industry was relatively small, it had world-leading capabilities in fields such as design, intellectual property and compound and advanced material semiconductors.
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