Tokyo-based  Mitsubishi Electric Corp is entering into a strategic  partnership with discrete device designer and manufacturer Nexperia B.V. of Nijmegen, The Netherlands (a subsidiary of Wingtech Technology Co Ltd) to jointly  develop silicon carbide (SiC) power semiconductors for the power electronics market. Mitsubishi Electric will leverage its wide-bandgap  semiconductor technologies to develop and supply SiC MOSFET chips that Nexperia  will use to develop SiC discrete devices. The  global expansion of the electric vehicle  market is helping to drive the exponential growth of SiC power semiconductors, which offer lower energy loss, higher operating temperatures and faster switching speeds than conventional silicon power semiconductors. The high efficiency of  SiC power semiconductors is expected  to contribute significantly to global decarbonization and green transformation. Mitsubishi  Electric claims that it has established leading positions in applications such  as high-speed trains, high-voltage industrial applications and home appliances,  after launching the first SiC power modules  for air conditioners in 2010 and  becoming the first supplier of an all-SiC power module for Shinkansen bullet trains in 2015. Mitsubishi Electric says that it has accumulated  expertise in the development and manufacturing of SiC power modules, which are known for their  advanced performance and high reliability. Going  forward, Mitsubishi Electric expects to strengthen its partnership with  Nexperia, whose devices are used in the automotive, industrial, mobile and  consumer markets, contributing to decarbonization and sustainability. Mitsubishi Electric aims to continue  to improve the performance and quality of its SiC chips  and focus on the development of power modules  using proprietary module technologies. “This  mutually beneficial strategic partnership with Mitsubishi Electric represents a significant stride  in Nexperia’s silicon carbide  journey,” believes Mark Roeloffzen, senior VP & general manager of Nexperia’s  Bipolar Discretes business group. “Mitsubishi  Electric has a strong track record as a supplier of technically proven SiC  device and modules. Combined with Nexperia’s high quality standards and  expertise in discrete products and packaging, we will certainly generate  positive synergies between both companies - ultimately enabling our customers  to deliver highly energy-efficient products in the industrial, automotive or  consumer markets they serve,” he adds. “Nexperia  is a leading company in the industrial sector with proven technologies for  high-quality discrete semiconductors,” comments Masayoshi Takemi, executive officer & group president, Semiconductor & Device at  Mitsubishi Electric. “We are delighted to enter into this co-development  partnership that will leverage the semiconductor technologies of both  companies.”
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Mitsubishi Electric and Nexperia to co-develop SiC power semiconductors

Zhang Yushuo
audio is not supported! China’s Wingtech to Sell Unit Nexperia’s UK Wafer Plant Under Local Gov’t Pressure
(Yicai) Nov. 10 -- Wingtech Technology, China’s biggest smartphone assembler, will sell one of the UK wafer plants of its Dutch subsidiary Nexperia because of the pressure from local government to meet national security standards. Nexperia will sell the Newport Wafer Fab plant to Siliconix, a unit of US semiconductor and passive electronic component maker Vishay Intertechnology, for USD177 million, Wingtech announced on Nov. 8. The sale is expected to be completed next year, generating revenue of about USD53 million, the firm noted. The UK’s National Security and Investment Act came into force in January last year. Last November, Nexperia received a notification from the UK Department for Business, Energy, and Industrial Strategy asking the firm to sell at least 86 percent of NWF. Nexperia disagreed with the decision and is still in the process of appealing. The deal needs to be reviewed by the UK government, wait for an eventual preemptive right claim, and gain the consent of Nexperia, Jiaxing-based Wingtech added. This is a type of pressure and challenge that Nexperia needs to face while striving to go global, Securities Times reported, citing a source at Wingtech. Selling the facility under this type of pressure shows the sense of responsibility of Nexperia’s management, the source noted. NWF only made small contributions in terms of production capacity to Wingtech’s semiconductor business. The company will raise its wafer capacity mainly by upgrading the capacity of Nexperia’s other plants in Manchester and Hamburg and hiking outsourcing, Wingtech pointed out. Nexperia acquired Neptune 6, the parent firm of NWF which was on the verge of bankruptcy, in July 2021 and worked out a long-term business development plan for NWF, hiked investment in the plant, upgraded its machines and devices, and recruited more employees. Neptune 6 had USD143 million in total assets and USD92 million in total liabilities as of Sept. 30. It reported USD54 million in revenue and USD21 million in net loss in the first nine months of the year, Wingtech said in the announcement on Nov. 8. Vishay had nearly USD4.2 billion in total assets and over USD2.2 billion in net assets as of the end of June. It logged USD1.8 billion in operating revenue and USD207 million in net profit in the first half of the year. Founded in 2006, Wingtech researches, develops, and designs semiconductor power devices and analog chips, manufactures wafers, carries out packaging and testing, and provides services for various terminal products, such as mobile phones, tablets, laptops, servers, and internet of things and automotive electronic products. Editor: Futura Costaglione

China’s Wingtech to Sell Unit Nexperia’s UK Wafer Plant Under Local Gov’t Pressure

Discrete semiconductor and passive electronic  component maker Vishay Intertechnology Inc of Malvern, PA, USA has  agreed to acquire Newport Wafer Fab in South Wales, UK from Nexperia B.V.  of Nijmegen, The Netherlands (a subsidiary  of Wingtech Technology Co Ltd) for $177m in cash. ATREG Inc, the  Seattle-based global firm for initiating, brokering and executing the exchange  of semiconductor manufacturing assets, served as Nexperia’s transaction  advisors. Located on 28 acres and the largest semiconductor manufacturing  plant in the UK, Newport is an automotive-certified, 200mm wafer fab that  supplies primarily automotive markets. “Under new leadership in early 2023, Vishay  set an ambitious goal of investing approximately $1.2bn in capacity over a  three-year period in order to position the company to seize the opportunities  created by the megatrends of e-mobility and sustainability needed for a Net Zero  economy,” says president & CEO Joel Smejkal. “While this transaction is  supplemental to our capex investment strategy, adding Newport Wafer Fab to our manufacturing footprint will be  instrumental to achieving our goal of expanding capacity for our customers and  to accelerating our SiC [silicon carbide] strategy,” he adds. “By agreeing to acquire Newport Wafer Fab, our  goal is to safeguard the positions of the highly skilled and dedicated  employees and to invest the necessary capital to set up production for our SiC  trench MOSFETs and diodes. With its solid balance sheet  and ample liquidity, Vishay will immediately bring stability and its reliable  cash flow generation to ensure  the facility becomes a fully operational and profitable fab” reckons Smejkal. “For Vishay, acquiring Newport Wafer Fab  brings together our capacity expansion plans for our customers in automotive  and industrial end markets as well as the UK’s strategic goal of  improved supply chain resilience. In addition to expanding capacity, we intend to collaborate with the Compound Semiconductor Cluster in South Wales and to join with key stakeholders committed  to developing the semiconductor industry in the UK including university and  community partners in the UK and particularly South Wales,” concludes Smejkal. “We look forward to  welcoming Newport Wafer Fab’s employees into Vishay and to partnering with  local authorities and the Welsh and UK Governments to both ensure long-term  growth for the fab and deliver value to our customers and stockholders.”
“Vishay’s board made a critical decision last  year to pivot the company toward profitable growth under new leadership,  leveraging the company’s solid cash flow generation, sound  operational capabilities and broad product portfolio,” notes executive chairman Marc Zandman. “A key element of this  strategic shift is the investment in technologies and incremental capacity to  position Vishay to capitalize on the megatrends in e-mobility and  sustainability. Acquiring Newport Wafer Fab demonstrates Vishay’s commitment to executing this strategic shift,”  he adds. “Nexperia would have preferred to continue the long-term strategy  it implemented when it acquired the investment-starved fab in 2021 and provided  for massive investments in equipment and personnel,” says Toni Versluijs,  country manager Nexperia UK. “However, these investment plans have  been cut short by the unexpected and wrongful divestment order made by the UK  Government in November 2022. The  UK Government’s order, in combination with a weakness in the global  semiconductor market, recently led us to announce the intention to reduce the  number of employees at the site by at least 100. The site needs clarity  about its future to avoid further losses,” he adds. “Of all options, this agreement with Vishay  is the most viable one to secure the future of the site as Vishay – like  Nexperia – has a solid customer base for the fab’s capabilities. For the site,  Vishay’s commitment to further make the Newport Wafer Fab a success story  is encouraging. Nexperia’s position with regards to the UK Government’s order  remains unchanged.”
The closing of the Newport Wafer Fab transaction is subject  to UK government review, the purchase rights of a third party, and  customary closing conditions, and is expected to occur in first-quarter 2024. Nexperia states that, while working to ensure that all conditions  to the sale are met as soon as possible, it will continue to own and manage the  site and support the employees. See related items:

Vishay to acquire Nexperia’s Newport Wafer Fab for $177m

Vishay to acquire Nexperia’s Newport Wafer Fab for $177m
9 November 2023
Discrete semiconductor and passive electronic component maker Vishay Intertechnology Inc of Malvern, PA, USA has agreed to acquire Newport Wafer Fab in South Wales, UK from Nexperia B.V. of Nijmegen, The Netherlands (a subsidiary of Wingtech Technology Co Ltd) for $177m in cash. ATREG Inc, the Seattle-based global firm for initiating, brokering and executing the exchange of semiconductor manufacturing assets, served as Nexperia’s transaction advisors. Located on 28 acres and the largest semiconductor manufacturing plant in the UK, Newport is an automotive-certified, 200mm wafer fab that supplies primarily automotive markets. “Under new leadership in early 2023, Vishay set an ambitious goal of investing approximately $1.2bn in capacity over a three-year period in order to position the company to seize the opportunities created by the megatrends of e-mobility and sustainability needed for a Net Zero economy,” says president & CEO Joel Smejkal. “While this transaction is supplemental to our capex investment strategy, adding Newport Wafer Fab to our manufacturing footprint will be instrumental to achieving our goal of expanding capacity for our customers and to accelerating our SiC [silicon carbide] strategy,” he adds. “By agreeing to acquire Newport Wafer Fab, our goal is to safeguard the positions of the highly skilled and dedicated employees and to invest the necessary capital to set up production for our SiC trench MOSFETs and diodes. With its solid balance sheet and ample liquidity, Vishay will immediately bring stability and its reliable cash flow generation to ensure the facility becomes a fully operational and profitable fab” reckons Smejkal. “For Vishay, acquiring Newport Wafer Fab brings together our capacity expansion plans for our customers in automotive and industrial end markets as well as the UK’s strategic goal of improved supply chain resilience. In addition to expanding capacity, we intend to collaborate with the Compound Semiconductor Cluster in South Wales and to join with key stakeholders committed to developing the semiconductor industry in the UK including university and community partners in the UK and particularly South Wales,” concludes Smejkal. “We look forward to welcoming Newport Wafer Fab’s employees into Vishay and to partnering with local authorities and the Welsh and UK Governments to both ensure long-term growth for the fab and deliver value to our customers and stockholders.”
“Vishay’s board made a critical decision last year to pivot the company toward profitable growth under new leadership, leveraging the company’s solid cash flow generation, sound operational capabilities and broad product portfolio,” notes executive chairman Marc Zandman. “A key element of this strategic shift is the investment in technologies and incremental capacity to position Vishay to capitalize on the megatrends in e-mobility and sustainability. Acquiring Newport Wafer Fab demonstrates Vishay’s commitment to executing this strategic shift,” he adds. “Nexperia would have preferred to continue the long-term strategy it implemented when it acquired the investment-starved fab in 2021 and provided for massive investments in equipment and personnel,” says Toni Versluijs, country manager Nexperia UK. “However, these investment plans have been cut short by the unexpected and wrongful divestment order made by the UK Government in November 2022. The UK Government’s order, in combination with a weakness in the global semiconductor market, recently led us to announce the intention to reduce the number of employees at the site by at least 100. The site needs clarity about its future to avoid further losses,” he adds. “Of all options, this agreement with Vishay is the most viable one to secure the future of the site as Vishay – like Nexperia – has a solid customer base for the fab’s capabilities. For the site, Vishay’s commitment to further make the Newport Wafer Fab a success story is encouraging. Nexperia’s position with regards to the UK Government’s order remains unchanged.”
The closing of the Newport Wafer Fab transaction is subject to UK government review, the purchase rights of a third party, and customary closing conditions, and is expected to occur in first-quarter 2024. Nexperia states that, while working to ensure that all conditions to the sale are met as soon as possible, it will continue to own and manage the site and support the employees. See related items:

China's Wingtech to sell U.K. chipmaking plant amid security concern
Sale to U.S. buyer follows London's order to divest wafer fab
Chinese company Wingtech will sell British semiconductor fab Nexperia Newport, with the price set at $177 million. (Image courtesy of Wingtech)
TAKASHI KAWAKAMI, Nikkei staff writer
November 10, 2023 01:03 JST
GUANGZHOU -- China's Wingtech Technology said Thursday it has agreed to sell British semiconductor fab Nexperia Newport to U.S. chip company Vishay Intertechnology, following a U.K. government order to unload the facilities on security grounds. The sale price for Nexperia Newport, also known as Newport Wafer Fab, is set at $177 million, with the deal to be completed next year. Read Next

China's Wingtech to sell U.K. chipmaking plant amid security concern

Apple (NASDAQ: AAPL) designs, develops, and sells consumer electronics, computer software, and online services. It focuses on technology and operates in the consumer electronics and software industry. The company offers a range of products including personal computing devices, mobile communication devices, portable music players, and related software, services, and accessories. Apple primarily sells to the consumer electronics industry. The company was founded in 1976 and is based in Cupertino, California.

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UNISOC runs a platform chip design company. The company's main offerings include the design and integration of various types of chips such as mobile communication central processing units, baseband chips, artificial intelligence (AI) chipsets, radio frequency front-end chips, and other communication, computing, and control chips. It primarily serves the telecommunications industry. It was formerly known as Spreadtrum Communications. It was founded in 2001 and is based in Shanghai, China.

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Wingtech Technology (SHA: 600745) provides clients with integrated cell phones, smart hardware products and cloud services.

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