Chinese company acquires NXP Semiconductors business unit in the Netherlands for 2.75 billion US dollars

NXP, the Dutch semiconductor giant, merged with another semiconductor giant, Freescale, in 2015. At the time of the acquisition of Freescale, NXP also divested its RF power unit. To China Jianguang Assets, NXP now sells its Standard Products division to a joint venture fund such as Jianguang Assets, adding another piece to the acquisition of China Semiconductor.

Jianguang Assets is jointly established by the large-scale state-owned fund in Tianjin and the China Science and Technology Finance Industry Alliance. It has the color of China's state-owned capital.

According to Reuters, Dutch chipmaker NXP Semiconductors has just reached an asset sale agreement with Beijing Jianguang Asset Management Co., Ltd. The chip company agreed to sell its Standard Products division to China's state-owned investment company Jianguang Assets and private equity firm Wise Road Capital for $2.75 billion.


Just over six months ago, NXP had just sold its RF Power division to Jianguang Assets for $1.8 billion, and the deal helped NXP's acquisition of Freescale Semiconductor clear the way.

The Standard Products division achieved revenues of $1.24 billion in 2015, while NXP's 2015 revenues totaled $6.1 billion, including Freescale's approximately one-month revenue. Standard Products' business includes discrete devices, logic chips and PowerMOS chips.

NXP will focus on developing its High-Performance Mixed Signal business, which they have previously described as "highly differentiated application-oriented" products, while Standard Products' equipment can be used in a variety of electronic devices. In the middle, there are a wide range of client objects.

Standard Products has approximately 11,000 employees and is currently headed by Frans Scheper. It is reported that the business mainly produces discrete components, logic and power transistors (Power MOS), mainly used in automotive, industrial, computing and consumer electronics, wearable devices and other fields, with revenue of $1.2 billion in 2015. It accounts for 20.8% of NXP's total annual revenue. Upon completion of the acquisition, the division will become a new company called Nexperia, headquartered in Nijmegen, the Netherlands.

This transaction is expected to be completed in the first quarter of 2017.

NXP was once a company owned by Dutch electronics giant Philips. It was acquired by a private equity consortium in 2006 and went public in 2010.

The acquisition of Freescale was announced in early 2015 and was valued at approximately $11.8 billion. In response to the slow growth of the chip industry, there has been a wave of consolidation. In February of this year, Avago Technologies Ltd. also completed the acquisition of Broadcom's $37 billion.

NXP shares rose 1.6% in after-hours trading to $88.83.

According to Dealogic, as of May 23, the total global transaction volume of Chinese buyers acquiring non-Chinese companies reached $119 billion, up from $107 billion in 2015. Military channel

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