Dutch government approves Nexperia's acquisition of chip company Nowi for an undisclosed amount

According to news from this site on November 28, Nexperia will acquire Nowi in 2022 for an undisclosed amount. The deal has now been approved by the Dutch government, which has been investigating it on national security grounds.

In May 2023, the Dutch government began to review the transaction on the grounds of "involving national security". The Dutch government said on Monday that it would not block Nexperia's acquisition of Dutch chip startup Nowi after a review. Dutch Economic Affairs Minister Micky Adriaansens said in a letter to parliament It stated: "There is no legal objection to Nexperia's acquisition of Nowi." Then, Nexperia issued an announcement confirming the acquisition of Nowi

Inquiry on this site found that Nowi was established in Delft, Netherlands, in 2016 and developed a new energy harvesting PMIC. The company was acquired by Nexperia in November 2022. It is reported that the company has cooperated with Huawei and other companies, and later received a bid from Nexperia Semiconductor.

Nexperia’s Director Charles Smit said: “We are delighted that, after a period of uncertainty, we finally have clear answers. This allows us to achieve our ambitions in the Netherlands and our commitment to energy efficiency. plans in the field. We have always stressed that Nowi and Nexperia’s technology is harmless and today’s announcement confirms this. It is important that strengthening the Dutch investment climate requires a clear policy from the government and It’s important to have transparent, fact-based conversations between businesses,” said Simon van der Jagt, co-founder and former CEO of Nowi. Our production, sales and marketing infrastructure allows us to bring products to market faster and therefore have a greater impact. Our shared Dutch background and mission to improve sustainability are combined. The combination is perfect. Therefore, the team looks forward to further achieving our common goals in the next few years.”

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