ET 13:12

Invest International to Loan $60M to Nexperia for Chip Production Boost

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Invest International, the Dutch state-owned lender, will provide Nexperia with a $60 million loan to fund global production upgrades and efficiency improvements. The financing aims to expand output and modernize facilities. Nexperia, a unit of China's Wingtech, faced a management crisis last year that disrupted automotive chip supplies. A Dutch court recently ordered a mismanagement investigation while allowing the European team to remain in place. Additional funding talks are ongoing.

EditorJack Lee