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FTC gives green light to NXP, Freescale merger

Posted: 30 Nov 2015     Print Version  Bookmark and Share

Keywords:NXP Semiconductors  Freescale Semiconductor  Jianguang Asset Management  merger 

NXP Semiconductors NV has announced that it has obtained clearance from the Committee on Foreign Investment in the United States (CFIUS) for the sale of its RF power amplifier business to Chinese state-controlled Jianguang Asset Management Co. Ltd.

The divesture of the RF power amplifier business is a condition for NXP's merger with Freescale Semiconductor laid down by the Federal Trade Commission. The deal with Jianguang Asset Management is set to close on December 7.

The merger with Freescale is expected to close before the end of 2015 or early in 2016.

- Peter Clarke
  EE Times Europe

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