Wingtech Technology

Wingtech Technology's acquisition of Nexperia Group (formerly NXP's standard products division) was approved by China's securities regulator on June 5, 2019. The deal is valued at 19.925 billion yuan, giving Wingtech an indirect 79.98% stake in Nexperia.

Chinese intelligent terminals R&D platform Wingtech Technology acquired an 80 percent stake in semiconductor manufacturer Nexperia BV for 27.3 billion yuan.

Wingtech Technology announced it passed antitrust review for its acquisition of Nexperia (formerly NXP's standard products business) for 26.8 billion yuan ($2.68 billion), pending Chinese securities regulator approval.

Wingtech Technology, together with Gree Electric Appliances and other investors, plans to acquire Nexperia, a global leader in discretes, logic and MOSFETs devices, for a total of 20.149 billion yuan.

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.

Chinese company Wingtech Technology Co. announced it will pay 18.5 billion yuan ($2.7 billion) to buy and consolidate stakes in Dutch chipmaker Nexperia.

China's Wingtech Technology plans to acquire control of Dutch semiconductor firm Nexperia Holding for 25.2 billion yuan ($3.63 billion), paying 18.45 billion yuan to buy stakes from existing owners.