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Nexperia will invest further in Newport Wafer Fab's power electronics fabrication facility in Newport, Wales. The takeover will also enable a spin-out of compound semiconductor activities into a new locally owned entity.
“The takeover by Nexperia will also pave the way for the establishment of a separate spin-out from Newport Wafer Fab of a new locally owned entity which plans to focus on the development and production of Compound Semiconductor chip technologies.”compoundsemiconductor.net
Summarized from public sources; check the original articles before acting on it.