Ad
Ad
© mopic _dreamstime.com Business | April 11, 2016

NXP looking to sell standard chip business?

NXP Semiconductors is reportedly weighing a sale of its standard products business – a deal that could see a pricetag of USD 2 billion.
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.

Comments

Please note the following: Critical comments are allowed and even encouraged. Discussions are welcome. Verbal abuse, insults and racist / homophobic remarks are not. Such comments will be removed.
Further details can be found here.
Load more news