Wentai Technology has announced that, following the British government's "national security" requirement for Wentai Technology to divest assets nearly a year ago, it plans to sell all the equity of its NWF wafer fab located in the United Kingdom.
According to the announcement, Wentai Technology's wholly-owned subsidiary, Anshi Semiconductor, identified the final purchaser for 100% equity of its subsidiary NEPTUNE 6 through a competitive bidding process within a specific scope.
NEPTUNE 6 is the parent company of NWF. The acquiring party is Siliconix, a wholly-owned subsidiary of Vishay, a company listed on the New York Stock Exchange. Including the debt of the target company from Anshi Semiconductor, the transaction amount is based on a baseline value of $177 million. If the transaction is successfully completed, it is expected to generate an investment income of approximately $53 million for Wentai Technology.
Data shows that Vishay is a manufacturer of discrete semiconductors and passive electronic components. As of June 30, 2023, Vishay's total assets amount to $4.187 billion, with a net worth of $2.214 billion. The revenue for the first half of this year (January to June) is $1.763 billion, with a net profit of $207 million.
Regarding the aforementioned event, on November 9, individuals related to Wentai Technology, in an interview with the media, stated that this forced sale reflects the pressure and challenges faced by Anshi Semiconductor in its global development process, and it signifies the responsibility and commitment of the management team.
