Government Greenlights Vishay’s Acquisition of Newport Wafer Fab

After months of deliberation, the government has finally granted its consent for the acquisition of Newport Wafer Fab by Vishay. This significant development was confirmed by Deputy Prime Minister and Secretary of State in the Cabinet Office, Oliver Dowden. Following the approval, the site has been officially renamed Newport Vishay, marking a new chapter in its history.

The acquisition by Vishay, which involved a substantial $177 million offer for the fab, was initially accepted back in November. However, the government's decision on the matter had been pending for the past four months, causing uncertainty and speculation within the industry. With the final consent order now in place, stakeholders can proceed with confidence in the future of the facility.

Previously known as the Inmos fab, the site has a rich history dating back to its establishment in 1980. It was later acquired by Nexperia, a company controlled by a Chinese government-controlled fund known as Wingtech. This ownership structure raised concerns about national security, prompting the need for a strategic review of the fab's operations.

Vishay has outlined ambitious plans for Newport Vishay, emphasizing its commitment to expanding operations at the site. One of the key areas of focus will be research and development for compound semiconductor development, highlighting the company's dedication to innovation and technological advancement in the semiconductor industry.

The acquisition of Newport Wafer Fab by Vishay represents a significant milestone in the evolution of the facility. With government approval now secured, the stage is set for Newport Vishay to embark on a new era of growth and development. The company's investment in expanding operations and advancing semiconductor technology underscores its long-term vision for the site and its potential to drive innovation in the industry.