Chinese consortium in $2.75b deal for NXP Semiconductors unit
NXP Semiconductors, a Dutch chip maker listed in the US, has agreed to sell its standard products business to Chinese state-owned private equity firm Jianguang Asset Management (JAC Capital) and Wise Road Capital for $2.75 billion.
It comes just six months after NXP sold its radio frequency (RF) power unit to JAC Capital for $1.8 billion, a deal that helped clear the way for NXP's acquisition of its US rival Freescale Semiconductor....
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