NXP Semiconductors sells power assets to China’s JAC Capital
NXP Semiconductors, a Dutch chip manufacturer listed in the US, has agreed to sell its entire radio frequency (RF) power business to Chinese state-owned private equity firm Jianguang Asset Management (JAC Capital).
The divesture of the business, which has been approved by the Committee on Foreign Investment in the United States (CFIUS), is a condition for NXP's proposed takeover of US rival Freescale Semiconductor,...
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