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Newport Wafer Fab cuts 100 jobs

Newport Wafer Fab cuts 100 jobs

Posted Date: 2023-09-09

September 8, 2023 /SemiMedia/ — Based on reviews, British wafer producer Newport Wafer Fab (NWF) is shedding 100 staff on account of uncertainty about future possession attributable to acquisition restrictions.

In 2021, NWF was offered to Dutch chipmaker Nexperia for 63 million kilos ($79 million), however the deal was blocked by the federal government on the time as a result of Nexperia was acquired by Chinese language firm Wingtech Know-how.

Nexperia lately proposed shedding 100 staff, and a spokesman mentioned it needed to cancel the funding. “This was a enterprise resolution that was not taken flippantly, however one we made to guard the long run viability of the fab.”