NXP Semiconductors sells RF power business to JAC Capital

NXP Semiconductors agreed to sell its entire radio frequency (RF) power business to Chinese state-owned private equity firm Jianguang Asset Management (JAC Capital). The divestiture includes a manufacturing building in the Philippines, a laboratory in the Netherlands, and all related patents and employees.

“The divestiture package provides Jianguang Asset Management with the assets it needs to compete effectively in the RF power amplifier market.”avcj.com

• 1 source
• avcj.comNXP Semiconductors sells power assets to China's JAC Capital | AVCJWinnie LiuNov 8, 2023

Summarized from public sources; check the original articles before acting on it.