Categories: LATEST NEWS

NXP and JAC Capital Receive CFIUS Clearance

NXP Semiconductors N.V. (NASDAQ: NXPI) has today announced that the company has received clearance on the proposed transaction of the sale of its RF Power business to Jianguang Asset Manangement Co. Ltd (“JAC Capital”) from the Committee on Foreign Investment in the United States (CFIUS). The divesture of the RF Power business is a condition for NXP’s merger with Freescale Semiconductor.

NXP and JAC Capital are in the final stages of the regulatory approval process in respect of the acquisition by JAC Capital of NXP’s RF Power business, which is targeted to close on December 7, next.

About NXP Semiconductors

NXP Semiconductors N.V. (NASDAQ: NXPI) creates solutions that enable secure connections for a smarter world. Building on its expertise in high-performance mixed-signal electronics, NXP is driving innovation in the areas of connected cars, cyber security, portables & wearables, and the Internet of Things. NXP has operations in more than 25 countries, and posted revenue of $5.65 billion in 2014. Find out more at www.nxp.com

About Jianguang Asset Management Co. Ltd. (JAC Capital)

Beijing Jianguang Asset Management Co., LTD. (“JAC Capital”) is a subsidiary of JIC Capital which is a state-owned investment company. JAC Capital was established for the purpose of investing in the high tech industry including semiconductor, information technology, networking, data service, cloud computing and telecommunications. By taking advantage of the abundant resources of its shareholders in the international financial market, JAC Capital partners with industrial leaders in various sectors make investments in the focused high tech industry and the global semiconductors market to support its continuous development.

No Offer or Solicitation

This communication does not constitute an offer to buy or sell or the solicitation of an offer to buy or sell any securities or a solicitation of any vote or approval. This communication relates to a proposed business combination between NXP Semiconductors N.V. (“NXP”) and Freescale Semiconductor, Ltd. (“FSL”).

Liat

Recent Posts

eInfochips and NXP Collaborate to Enable Battery Energy Storage Customers

 eInfochips, an Arrow Electronics company, today announced its expanded collaboration with NXP® Semiconductors to help…

7 hours ago

DigiKey Adds More Than 611,000 Products and 139 New Suppliers in Q3 2024

 DigiKey, a leading global commerce distributor offering the largest selection of technical components and automation…

10 hours ago

Infineon launches new generation of GaN power discretes with superior efficiency and power density

Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY) today announced the launch of a new…

2 days ago

Power Integrations Launches 1700 V GaN Switcher IC, Setting New Benchmark for Gallium Nitride Technology

1700 V GaN InnoMux-2 IC delivers efficiency of better than 90 percent from a 1000…

2 days ago

NVIDIA Ethernet Networking Accelerates World’s Largest AI Supercomputer, Built by xAI

NVIDIA today announced that xAI’s Colossus supercomputer cluster comprising 100,000 NVIDIA Hopper Tensor Core GPUs…

1 week ago

Siemens strengthens leadership in industrial software and AI with acquisition of Altair Engineering

Acquisition of Altair Engineering Inc., a global leader in computational science and artificial intelligence software,…

1 week ago