Nexperia to receive $60M loan from Invest International to boost chip output

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.

The move triggered a crisis that disrupted global supplies of ​basic chips ​for the car ​industry and, according to ‌Dutch newspaper FD, scared away investors.

“It’s not that Nexperia is in dire straits, but any source of funding we can ‌tap into that would preserve ​our own reserves for other, ​ongoing activities is, ​of course, very welcome,” the ‌spokesperson said, according to the ​report.

Last week a Dutch court ordered an investigation into mismanagement ​at Nexperia. ‌It allowed the European management team to ​stay in place. Reuters