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U.S. chip start-up says its work with UK’s biggest plant came to a ‘screeching halt’ after Chinese takeover

August 14, 2021
Source: fntalk.com fntalk.com
News Snapshot:
- Pennsylvania-based iDEAL Semiconductor told CNBC it was getting silicon wafers processed at the Newport Wafer Fab in Wales up until the fab was acquired by Dutch firm Nexperia, which is 100% owned by Shanghai-headquartered Wingtech Technologies. - Mark Granahan, iDEAL Semiconductor's CEO, said the processing has "come to a screeching halt," adding that his company is now having to "scramble" to figure out where it can get the work done. - The sale of Newport Wafer Fab was initially approved by U.K. Business Secretary Kwasi Kwarteng but Prime Minister Boris Johnson has since ordered the nation's national security advisor,...
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Tags: acquisition | Antitrust | ARM | bid | Business | California | CEO | chairman | China | Chinese | chip | CNBC | Dutch | Europe | European | Giant | government | Imagination | investment | Japan | national security | Netherlands | semiconductor | Shanghai | technology

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