NXP, Freescale merger clears FTC hurdle

November 26, 2015 // By Peter Clarke
NXP Semiconductors NV (Eindhoven, The Netherlands) has received 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 Co. Ltd. is set to close on December 7.

 

 

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

 

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