0
General

NXP to sell Standard Products business for USD 2.75 bln

Tuesday 14 June 2016 | 09:07 CET | News
NXP Semiconductors has agreed to divest its Standard Products business to a consortium of financial investors consisting of Beijing Jianguang Asset Management (JAC Capital) and Wise Road Capital. Under the terms of the agreement, the consortium will pay around USD 2.75 billion for the business. The transaction is expected to close in the first quarter of 2017, pending regulatory approvals and employee representative consultations.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Categories: General
Companies: NXP Semiconductors
Countries: World
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Nexperia CEO Scheper retires, Zhang becomes CEO of Nexperia

Published 25 Mar 2020 09:21 CET | World
Nexperia announced that CEO Frans Scheper decided to take early retirement and will step down as Nexperia CEO and management ...

NXP completes sale of Standard Products business

Published 08 Feb 2017 10:28 CET | World
NXP Semiconductors announced that it has completed the sale of its Standard Products business to a consortium of financial ...

NXP Semiconductors sales stable, margins up in Q4

Published 02 Feb 2017 10:47 CET | World
NXP Semiconductors reported revenues of USD 2.44 billion for the fourth quarter, up 52 percent year-on-year thanks to its ...

Qualcomm to acquire NXP Semiconductors for USD 47 bln

Published 27 Oct 2016 13:27 CET | World
Qualcomm has agreed to buy NXP Semiconductors for USD 47 billion, strengthening its position in the wireless market and creating ...

EC approves NXP sale of Standards Products business

Published 13 Oct 2016 19:47 CET | World
The European Commission (EC) has approved the sale of NXP Semiconductor's Standard Products business (Nexperia) to a consortium ...

NXP underlying revenue falls 8% in Q2, meets guidance

Published 28 Jul 2016 12:24 CET | World
NXP Semiconductors reported sales growth of 57 percent for second-quarter 2016 at USD 2.37 billion but on a comparable basis, ...

NXP profiteert van automotive in Q2

Published 28 Jul 2016 10:51 CET | World
NXP heeft over het tweede kwartaal van dit jaar een omzet gerealiseerd van 2,4 miljard dollar, een stijging van 57 procent op ...