
Moderna to create a renewed vaccine facility in Britain
June 23, 2022: -U.S. biotech company Moderna will build a recent research and manufacturing center in Britain to develop …
August 17, 2021: -A U.S. semiconductor start-up says its relationship with the U.K.’s largest chip plant ended abruptly when Nexperia, a Chinese-owned company, took over in July.
Pennsylvania-based Ideal Semiconductor told CNBC it wanted silicon wafers processed at the Newport Wafer Fab in Wales until the fab was acquired by Dutch firm Nexperia, owned by Shanghai-headquartered Wingtech Technologies.
Mark Granahan, CEO of Ideal Semiconductor, said the processing has “come to a screeching halt,” which adds his company is having to “scramble” to figure out where it can get the work done.
Still, a source close to the company, who preferredto remain anonymous because of the sensitive nature of the discussions, benied that contracts were being scrapped.
Mike Burns, chairman of Ideal Semiconductor, said fabs typically give “a little of runtime” and tell customers the wafers they can process when an acquisition happens.
The semiconductor executives said Newport Wafer Fab informed them by phone that the relationship was done, adding that they haven’t heard from the new owners.
U.K. Business Secretary Kwasi Kwarteng initially approved the sale of Newport Wafer Fab. Still, Prime Minister Boris Johnson has since ordered the national security advisor of the nation, Stephen Lovegrove, to conduct a review, with a verdict expected in the coming weeks.
The U.K. government may ask Nexperia to sell Newport Wafer Fab. A consortium that includes former Imagination Technologies CEO Ron Black is ready to bid if that happens.
Although antitrust regulators are investigating if California semiconductor giant Nvidia should be permitted to buy U.K. chip designer Arm off Japan’s SoftBank, the $40 billion deal is now in jeopardy.
Semiconductors are in short supply, and lawmakers have realized that the companies making these devices might be worth protecting from takeovers.
China is putting semiconductors at the heart of its industrial strategy.
We provide the insights on leaders who are responsible for taking their organization to new heights, all the while bringing together a group of talented individuals.
June 23, 2022: -U.S. biotech company Moderna will build a recent research and manufacturing center in Britain to develop …
June 23, 2022: -Chinese companies that produce raw materials for electric vehicle batteries show indications …
June 23, 2022: -On Wednesday, U.S. stock index futures decreased after the major averages increased during …
June 22, 2022: -On Monday, the Nobel Peace Prize that Russian journalist Dmitry Muratov was auctioning off to grow …
June 22, 2022: -Europe and the U.S. face a high likelihood of recession as central banks are forced to tighten …
June 22, 2022: -On Tuesday, Kellogg announced that it intends to separate into three independent public companies, which …