The site has now been renamed Newport Vishay.
Vishay’s $177 million offer for the fab was accepted last November but the government has been dragging its feet for four months over giving a final consent order.
The old Inmos fab, which opened in 1980, had been acquired by Nexperia, which is controlled by a China government-controlled fund called Wingtech. This was seen as a security risk.
Vishay says it will expand operations at the site, including R&D for compound semiconductor development.
