Taipei, Thursday, May 14, 2024, 08:53

News

NXP Announces Final Regulatory Approval and Closing Date for Merger with Freescale

Published: Nov 27,2015

NXP Semiconductors N.V. today announced it has received final regulatory approval from the Ministry of Commerce (“MOFCOM”) of China to complete its merger with Freescale Semiconductor, Ltd.

More on This

New congatec SMARC Module with NXP i.MX 8M Mini Processor

congatec introduces a new SMARC 2.0 Computer-on-Module with NXP i.MX 8M Mini processor. The conga-SMX8-Mini offers highe...

Supply Chain Management to Be Qualcomm’s Chief Challenge After the NXP Deal

Major U.S. chip maker Qualcomm has finally acquired Holland-based NXP Semiconductors for US$47 billion. As the recent tr...

The Company has now received all necessary regulatory approvals for the merger with Freescale, and the sale of its RF Power business to Jianguang Asset Management Co. Ltd (“JAC Capital”) for which divestment is a condition for the Freescale merger.

The Company expects to close the merger transaction and the divestment of its RF Power business on December 7, 2015.

“We are very excited to unveil today that the close of the merger with Freescale is upon us,” said Rick Clemmer, NXP Chief Executive Officer.

“The combination of NXP and Freescale creates an industry powerhouse focused on the high growth opportunities in the Smarter World, and is a transformative step on our journey to become the industry leader in high performance mixed signal solutions.”

CTIMES loves to interact with the global technology related companies and individuals, you can deliver your products information or share industrial intelligence. Please email us to en@ctimes.com.tw

2761 viewed

comments powered by Disqus