# 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.

- Type: Acquisition
- Announced: 2017-04-21
- Where: Shanghai, China
- Value: $53.7M
- Status: completed
- Capacity: annual wafer capacity about 600,000
- Products: analog chips for communications, consumer devices, automotive
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [NXP Semiconductors](https://endata.com/companies/19521.md)
- [NXP Semiconductors](https://endata.com/companies/19521.md) (target)
- [Advanced Semiconductor Manufacturing Corporation](https://endata.com/companies/23742.md) (target)
- [Shanghai Pudong Science and Technology Investment](https://endata.com/companies/23743.md) (acquirer)

## Sources

- [electronicdesign.com](https://www.electronicdesign.com/technologies/analog/article/21804952/nxp-semiconductors-sells-shares-in-chinese-foundry), 2017-04-21: "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."
- [chinatechnews.com](https://www.chinatechnews.com/2017/05/02/24996-pudong-science-and-technology-investment-acquires-shares-from-nxp-semiconductors), 2017-05-02: "Shanghai Pudong Science and Technology Investment Co., Ltd. announced the acquisition of all Advanced Semiconductor Manufacturing Co., Ltd. shares held by NXP Semiconductors."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.