Page 2 - Wingtech Technology Co News Today

From Yang Jie and Aaron Tilley's "Apple Makes Plans to Move Production Out of China."

 

With the baffling move taken by the British government to cite the so-called national security as a reason to leave national interests and commercial credibility behind, Britains economic power is weakening further as its domestic investment climate deteriorates.

The UK government on October 3 delayed its announcement of a decision whether to block or approve Wingtech subsidiary Nexperia’s takeover of Britain’s biggest chip maker.

Apple’s latest supplier listing signals a gradual move to diversify its manufacturing network beyond China to countries like India and Vietnam.

SHARE China is looking to get its hands on more semiconductor manufacturing technology through a cut-price deal that will see the Dutch chip maker Nexperia B.V. acquire U.K.-based Newport Wafer Fab. Nexperia, which is owned by the Chinese private equity firm Wingtech Technology Co. Ltd., is already the second-largest shareholder in NWF, CNBC reported. Nexperia Chief Operations Officer Achim Kempe said that acquiring NWF, the largest chip producer in the U.K., would help it to make more chips an...

Apple Cuts Off China’s Ofilm Over Xinjiang Labor Bloomberg 4 days ago Bloomberg News © Bloomberg A customer holds an Apple Inc. iPhone 11 outside a store in San Francisco, California, U.S., on Friday, Oct. 23, 2020. The iPhone 12 and iPhone 12 Pro went on sale in stores, but with individual shopping sessions replacing the famous lines and crowds around locations. (Bloomberg) -- Apple Inc. has severed ties with Chinese component supplier Ofilm Group Co. over allegations it...

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