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NEXPERIA WILL INVEST $60 MILLION LOAN FROM INVEST INTERNATIONAL TO BOOST CHIP OUTPUT

  • NEWS Desk Global
  • 1 hour ago
  • 1 min read

Dutch state-owned finance institution Invest International will provide chipmaker Nexperia with a $60 million loan to support a series of global investments in its production sites, it said in a statement on Monday. The funding is meant to help boost output, modernise production lines and improve efficiency.

Netherlands-based Nexperia, a unit of China's Wingtech, found itself in a prominent corporate standoff between Europe and China after a Dutch state intervention last year installed a European management team.

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