# Wingtech Technology delays payment for Nexperia acquisition

Wingtech Technology's acquisition of Nexperia for CNY 11.435 billion in cash has not completed payment of the remaining balance by the November 1 deadline, but parties have agreed on a new payment timeline.

- Type: Acquisition
- Announced: 2018-11-02
- Where: China
- Value: $1.65B (11.4B CNY)
- Status: announced
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Nexperia](https://endata.com/companies/19628.md) (target)
- [Wingtech Technology](https://endata.com/companies/35119.md) (acquirer)

## Sources

- [m.chinaflashmarket.com](https://m.chinaflashmarket.com/news/industry/163809), 2018-11-02: "闻泰科技“蛇吞象”并购尚未完成付款 公司称：支付时间达成新的一致"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.