Wingtech to acquire 75.86% stake in Nexperia for $3.6 billion

Chinese contract manufacturer Wingtech plans to pay 18.45 billion yuan ($3.6 billion) to buy a 75.86% stake in Nexperia from its owners, subject to regulatory approval including from CFIUS.

“Wingtech is a contract manufacturer for Chinese smartphone companies including Huawei Technologies and Xiaomi Corp, and is planning to pay 18.45 billion yuan to buy stakes from Nexperia owners.”eenewseurope.com

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• eenewseurope.comChinese firm to buy Nexperia for $3.6 billion ...Peter ClarkeNov 7, 2018

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