A little-known Chinese company that styles itself one of the world’s biggest smartphone manufacturers is acquiring Dutch chipmaker Nexperia for 25.2 billion yuan ($3.6 billion), a mega-deal that needs U.S. approval at a time American concerns about the Asian country’s rise run high.
Wingtech Technology Co. is acquiring effectively 75.86 percent of Nexperia, which NXP Semiconductors NV sold to a consortium of Chinese investors in 2016. It consolidates control of the Dutch chipmaker under a company that assembles devices for smartphone brands from Huawei Technologies Co. to Lenovo Group Ltd. and Xiaomi Corp.
