Status:  Clearance

Acquirer:  Wingtech Technology Co., Ltd. (China)

Acquired:  Nexperia Holdco Netherlands B.V. (Netherlands)

Value:  US$2.75 Billion

Industry:  Semiconductors

UPDATE:  On December 24, 2019, Nexperia announced that “Wingtech Technology – a Chinese computer and telecom equipment manufacturer – has officially obtained a controlling stake in Nexperia from Beijing Jianguang Asset Management Co. Ltd (JAC Capital).”  (Nexperia Press Release, New ownership opens up opportunities for Nexperia, Dec. 24, 2019.)

Posted on November 1, 2018

Status: Upcoming/New Filing

According to news reports, on October 24, 2018, Wingtech Technology Co., Ltd., a Chinese contract electronics manufacturer, announced in securities disclosures to the Shanghai Stock Exchange that it intended to acquire Nexperia B.V., a Netherlands semiconductor company, for approximately 25.2 billion yuan ($3.63 billion).  (See Reuters, China’s Wingtech to acquire Dutch semiconductor firm Nexperia for $3.6 bln, Oct. 25, 2018; Bloomberg, Obscure Chinese Firm Wingtech to Buy Dutch Chipmaker Nexperia, Oct. 25, 2018; See also Restructuring Announcement, Wingtech Technology Co., Ltd., Nov. 7, 2018, Shenzhen Stock Exchange, Chinese Language.)  Wingtech Technology reportedly has stated it intends to acquire an existing owner of Nexperia that will give it indirect ownership of 74.86% of Nexperia.  (Reuters, China’s Wingtech to acquire Dutch semiconductor firm Nexperia for $3.6 blnOct. 25, 2018.)  According to Reuters, this plan “is subject to regulatory approval including from the Committee on Foreign Investment in the United States (CFIUS).”  (Id.)  Nexperia, a manufacturer of discretes, logic and MOSFET devices, is the former Standard Products business of NXP Semiconductors N.V., which was sold to a consortium of Chinese based investments in 2017 after securing CFIUS clearance.  (See our prior blog post on this deal here.)