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Aug 14, 2021
8:02 PM
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The U.S. semiconductor start-up said its relationship with Britain's largest chip factory abruptly ended when Chinese-owned Nexperia was acquired in July.Ideal Semiconductor The Pennsylvania-based company it will acquire silicon wafers processed at Newport Wafer Fab in Wales until
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the facility is acquired by Dutch firm Nexperia, which is 100 percent owned by Shanghai-headquartered Wingtech Technologies.Mark Granahan, CEO of Ideal Semiconductor said processing He added that his company is now "scrambling" to find out where it can get the job done.Nexperia did not immediately respond to CNBC's request for comment,
but a source close to the company did not want to be identified due to the sensitive nature of the conversation. It has previously denied that contracts have been cancelled.Mike Burns, President of Ideal Semiconductor It said fabs typically provide a "little runtime" and tell customers how many wafers they can process upon acquisition.
It's usually measured in months, quarters or a year compared to a sudden shutdown,Semiconductor executives said they were notified by Newport Wafer Fab by phone that the relationship had ended, adding that they had never heard from the new owners.The sale of Newport Wafer Fab was initially approved by UK Business Secretary Kwasi Kwarteng.
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