Private equity firms eyeing up computer chip maker Newport Wafer Fab amid speculation UK will block its sale to Chinese-controlled firm
Private equity firms are eyeing up Welsh computer chip maker Newport Wafer Fab amid speculation the UK will block its sale to a Chinese-controlled firm.
London-based Palladian Investment Partners is said to be considering a swoop if Nexperia, a Dutch firm owned by Chinese group Wintech, is forced to sell Newport, after buying it last year, the Sunday Times reported.
Probe: The Government is investigating Newport Wafer Fab’s takeover on security grounds, with a deadline for the decision set for October 5
The Government is investigating the takeover on security grounds, with a deadline for the decision set for October 5.
Another firm thought to be interested is Irish tech investor Atlantic Bridge.