NXP sells 27.5% stake in ASMC for $53.7M

NXP Semiconductors sold its approximately 27.5% ownership stake in Advanced Semiconductor Manufacturing Corporation (ASMC) to Shanghai Pudong Science and Technology Investment for $53.7 million.

“NXP Semiconductors sold its share of Advanced Semiconductor Manufacturing Corporation, an analog foundry based in Shanghai that fabricates chips for communications, consumer devices, and automotive applications.”electronicdesign.com

• 2 sources
• electronicdesign.comNXP Semiconductors Sells Shares in Chinese Foundry | Electronic DesignJames MorraApr 21, 2017
• chinatechnews.comPudong Science And Technology Investment Acquires Shares From NXP Semiconductors - ChinaTechNews.comEditorial StaffMay 2, 2017

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