NXP looking to sell standard chip business?

The company is weighing a potential sale of its business unit which manufactures diodes, transistors and various standard chip products, according to a Bloomberg report citing people familiar with the matter. The sources told Bloomberg that NXP is seeking at least USD 2 billion for the business unit, and that the company has received interest from Chinese companies including Jianguang Asset Management Co., an investment firm known as JAC Capital. There has previously been dealings between the two companies, JAC Capital bought NXP's RF unit – for about USD 1.8 billion – last year. The divestment of the RF unit was a condition for the Freescale merger.