China’s smartphone contract manufacturer Wingtech Technology is acquiring Dutch chip maker Nexperia by purchasing a majority stake from its Chinese owners for RMB25.2 billion (US$3.63 billion), a mega-deal that requires approval from the U.S. authorities. The acquisition will enable Wingtech to indirectly own 75.86% of Nexperia, said Wingtech in a stock exchange filing late Wednesday. […]
China’s Smartphone Contract Maker Wingtech To Acquire Dutch Chip Maker Nexperia For $3.63B appeared first on China Money Network.