NXP and JAC Capital receive CFIUS clearance
NXP Semiconductors N.V. announced that the company has received clearance on the proposed transaction of the sale of its RF Power business to Jianguang Asset Manangement Co. Ltd. (“JAC Capital”) from the Committee on Foreign Investment in the United States (CFIUS). The divesture of the RF Power business is a condition for NXP’s merger with Freescale Semiconductor.
NXP and JAC Capital are in the final stages of the regulatory approval process in respect of the acquisition by JAC Capital of NXP’s RF Power business, which is targeted to close on December 7. Find out more at www.nxp.com