Jun
13
NXP Selling Products Unit for $2.75 Billion to Chinese Group
By-
Buyers are Jianguang Asset Management and Wise Road Capital
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Nexperia business had $1.2 billion in revenue in 2015
NXP Semiconductors NV, which last year merged with Freescale Semiconductor, is selling its standard products business to a group of Chinese investors for $2.75 billion, furthering that country’s efforts to acquire chip assets and reduce imports.
China’s Beijing Jianguang Asset Management Co. and Wise Road Capital Ltd. will be the new owners of the business, NXP said in a statement on its website. The unit, which had revenue of $1.2 billion in 2015, will transfer about 11,000 NXP employees to a new company that will be called Nexperia…
NXP Selling Products Unit for $2.75 Billion to Chinese Group
