Akin Advises Nexperia on $177 Million Sale of Newport Wafer Fab
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(London) – Akin advised Nexperia B.V., a global semiconductor manufacturer, on the $177 million sale of Newport Wafer Fab, the U.K.’s largest semiconductor manufacturer, to Vishay Intertechnology, Inc.
Newport Wafer Fab is located on a 28-acre site in Newport, South Wales, U.K. with over 400 employees and manufactures semiconductor wafers supplied primarily to the automotive industry.
Nexperia was required to divest Newport Wafer Fab pursuant to an order made by the U.K. Secretary of State under the National Security and Investment Act (NSIA) in November 2022. Akin has assisted Nexperia in the divestment order and its impact.
Akin’s London international trade team, led by partner Jasper Helder, is a market leader in NSIA matters, having advised on two successful divestments made pursuant to final orders under the NSIA.
The cross-practice Akin team advising Nexperia was led by London partner in charge Sebastian Rice and Jasper Helder and included:
Corporate
Counsel Rebecca Carwood Barron and George Burt and associate Callum James.
International Trade
Associate James Matson.
Competition
Partner Scott Pettifor.
Employment
Partner Stephen Brown and associate Iffat Ahmad.
Litigation
Partner Kambiz Larizadeh, counsel Conor Mc Stravick and associate Alex Armytage.
Tax
Counsel Mohammed Natha and associate Gunel Latifova.
Akin is a leading international law firm with more than 900 lawyers in offices throughout the United States, Europe, Asia and the Middle East.
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