financetom
Business
financetom
/
Business
/
Nexperia to comply with U.S. restrictions on Chinese parent Wingtech
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Nexperia to comply with U.S. restrictions on Chinese parent Wingtech
Dec 2, 2024 11:51 PM

AMSTERDAM, Dec 3 (Reuters) - Nexperia, a Dutch-based

computer chip maker, will comply with U.S. restrictions after

its Chinese parent company Wingtech was put on the

U.S. Department of Commerce's "entity list", a spokesperson said

on Tuesday.

"The listing subjects Wingtech's access to U.S. technology

to licensing requirements," the spokesperson said. "These do not

apply to Nexperia or its subsidiaries. Nexperia will comply with

the U.S. restrictions as these apply to its interactions with

Wingtech."

Nexperia is one of the world's largest makers of simple

computer chips such as diodes and transistors, and this year it

moved to expand operations in Hamburg, Germany.

The Commerce Department said on Monday it had added

Wingtech and several Chinese investment firms to the list due to

their efforts to acquire chip manufacturing technology critical

to the defence industry of the U.S. and its allies.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
CompX International Shares Plunge After Q1 Net Income, Net Sales Decline
CompX International Shares Plunge After Q1 Net Income, Net Sales Decline
May 8, 2024
02:53 PM EDT, 05/08/2024 (MT Newswires) -- CompX International ( CIX ) shares were down about 15% in recent trading Wednesday, a day after the company posted declines in Q1 net income and net sales. The company reported Q1 net income Tuesday of $0.31 per diluted share, down from $0.49 a year earlier. Net sales for the quarter ended March...
Liberty Latin America Shares Rise After Q1 Results
Liberty Latin America Shares Rise After Q1 Results
May 8, 2024
02:51 PM EDT, 05/08/2024 (MT Newswires) -- Liberty Latin America ( LILA ) shares rose 4.6% in recent Wednesday trading, a day after the company reported Q1 results. The company reported Q1 operating income late Tuesday of $93 million, down from $107 million a year earlier. Revenue for the quarter ended March 31 was $1.099 billion, compared with $1.102 billion...
Occidental says CrownRock deal could close by August
Occidental says CrownRock deal could close by August
May 8, 2024
HOUSTON, May 8 (Reuters) - Occidental Petroleum ( OXY ) Chief Executive Vicki Hollub on Wednesday said the company hopes to close the acquisition of shale oil producer CrownRock before the second-quarter earnings call, which typically happens in early August. By that time, I believe, we will have closed, Hollub told analysts, when asked in an earnings call when the...
Meridian Capital's Askar Alshinbayev Buys Common Shares Of Arrow Exploration Corp.
Meridian Capital's Askar Alshinbayev Buys Common Shares Of Arrow Exploration Corp.
May 8, 2024
02:56 PM EDT, 05/08/2024 (MT Newswires) -- Askar Alshinbayev, a founding partner of and principal at Meridian Capital Limited, reported Wednesday the acquisition of common shares of Arrow Exploration Corp. ( CSTPF ) , which at last look was down 0.005 at $0.34. On May 3, 2024, Alshinbayev purchased more than 48 million common shares in an open market purchase...
Copyright 2023-2026 - www.financetom.com All Rights Reserved