Media Coverage

Wingtech Technology completed the 6.3 billion yuan acquisition of Nexperia, becoming the largest listed semiconductor company in China

2020-06-28

"This time, Wingtech Technology intends to issue shares and pay cash to acquire the relevant equity shares of the top four shareholders of Hefei Yuxin at the price of 6.334 billion yuan. After the completion of the transaction, Wingtech Technology will hold 98.2% of the total equity of Nexperia. "

 

Yan Donghuo, Tencent News ‘Frontline’

 

On June 10, the M & A and restructuring Review Committee of CSRC held the 25th working meeting in 2020, and Wingtech Technology's acquisition of the remaining equity of Nexperia was unconditionally approved. After the acquisition, Wingtech Technology has therefore become the largest semiconductor listed company in China.

 

This time, Wingtech Technology intends to issue shares and pay cash to acquire the relevant equity shares of the four shareholders of Hefei Yuxin at the consideration of 6.334 billion yuan. After the completion of the transaction, Wingtech Technology will hold 98.2% of the total equity of Nexperia.

 

In this transaction, Wingtech Technology plans to raise 5.8 billion yuan, of which 1.6 billion yuan will be used in the advanced assembly and test platform and process upgrading project of Nexperia China, 1.05 billion yuan will be used in the assembly and test of semiconductor communication module and terminal R & D and industrialization project, 2.9 billion yuan will be used to supplement the working capital of listed company and repay the debts, and the remaining funds will be used to pay the cash consideration and related taxes of this transaction, plus the intermediary fees.

 

As a high-capacity expert in the field of semiconductor basic components production, the products of Nexperia are widely used in all kinds of electronic design in the world, especially the leading technology of gallium nitride (GAN). Its product portfolio includes diode, bipolar transistor, ESD protection device, MOSFET device, GaN FET, analog IC and logic IC. In 2019, the revenue scale of Nexperia ranks first among domestic power semiconductor manufacturers.

 

Wingtech Technology is the world's largest mobile phone ODM enterprise, with annual shipments of more than 100 million mobile phones, tablets, laptops, IoT and automotive electronic products. Its annual shipments of semiconductor chips and components exceeds 90 billion.

 

Wingtech Technology's M&A of Nexperia is the largest semiconductor acquisition in China's history, and the first acquisition of a global leading semiconductor company by a Chinese company.