Vishay is to acquire Newport Wafer Fab after years of debate over whether the company could be owned by Nexperia, a unit of China's Wingtech Technology.
Vishay paid $177 million in cash for the company. Nexperia acquired it in 2021 for $63 million. Vishay will set up a SiC production line to produce Trench MOSFETs and diodes.
Newport Fab Vishay executive officer Joel Smejkal said: "The addition of the Newport Fab to our manufacturing base will help achieve our goal of expanding capacity for our customers and accelerate our SiC strategy. Vishay will bring immediate Stability and reliable cash flow generation to ensure the plant becomes a fully operational and profitable facility.”
Nexperia UK country manager Toni Versluijs said: “Of all the options, the agreement with Vishay is a viable option to secure the future of the plant as Vishay, like Nexperia, has a solid customer base for the plant’s capabilities.”
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