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NXP to sell its RF Power Business

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NXP Semiconductors to sign a deal that will accredit the sale of the company’s RF power business to Jianguang Asset Management Co. Ltd (JAC Capital) costing $1.8Bn for the business.

Under the consensus, the entire pedigree of the NXP RF Power business and approximately 2,000 NXP employees who are primarily engaged globally in the RF Power business, including its entire management team, are to be transferred to an independent company incorporated in the Netherlands, which will be 100pc acquired by JAC Capital upon closing of the transaction. Additionally, all relevant patents and intellectual property associated with the RF Power business will be transferred in the sale, as well the NXP back-end manufacturing operation in the Philippines that is focused on advanced package, test and assembly of RF Power products.

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