NXP has had its sale of its RF Power unit to Jianguang Asset Manangement (JAC Capital) from the Committee on Foreign Investment in the United States (CFIUS).

The divesture of the RF Power business was a condition for NXP’s merger with Freescale Semiconductor.

Earlier this week NXP and JAC Capital announced they had agreed the sale of NXP’s Standard Products division.

The divestitures are said to be in NXP’s pursuance of a focussed business in high performance mixed signal ICs.

“This transaction is a positive accomplishment for all parties involved. It enables NXP to continue to focus on its High-Performance Mixed Signal business, furthering our Secure Connections for a Smarter World strategy,” said NXP CEO Rick Clemmer, “we believe the creation of Nexperia benefits our customers, as JAC Capital and Wise Road Capital will focus on global investments to enhance and support the future growth of the business.”

The standard products group had revenues of $1.2 billion in 2015. It employs 11,000 people.

By: DocMemory
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