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Wireless

China Wingtech acquires majority stake in Nexperia for USD 3.6 bln

Thursday 25 October 2018 | 15:53 CET | News
Nexperia, the former Standard Products division of NXP, has been acquired by Wingtech, a smartphone contract manufacturer from China, for CNY 25.2 billion, or around USD 3.63 billion. Wingtech made the announcement in a stock exchange filing, saying it will pay CNY 18.45 billion to buy stakes from existing owners in Nexperiea, Reuters reported. The company said earlier in September that it would give CNY 6.7 billion to acquire a stake from another owner of Nexperia. After the deals complete, Wingtech will have a 75.86 percent stake in the Dutch semiconductor.

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Categories: Mobile & Wireless
Countries: Netherlands / World
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