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NXP Receives MOFCOM Approval for Divestiture of Standard Products Business

EINDHOVEN, The Netherlands, Sept. 01, 2016 (GLOBE NEWSWIRE) -- NXP Semiconductors N.V. (NXPI) today announced that the Ministry of Commerce (“MOFCOM”) of China has approved the transaction under which NXP divests its Standard Products business (“Nexperia”) to a consortium of financial investors consisting of Beijing Jianguang Asset Management Co., Ltd (“JAC Capital”) and Wise Road Capital LTD (“Wise Road Capital”).

NXP continues to expect to close the transaction in the first quarter of 2017.

About NXP Semiconductors
NXP Semiconductors N.V. (NXPI) enables secure connections and infrastructure for a smarter world, advancing solutions that make lives easier, better and safer. As the world leader in secure connectivity solutions for embedded applications, NXP is driving innovation in the secure connected vehicle, end-to-end security & privacy and smart connected solutions markets. Built on more than 60 years of combined experience and expertise, the company has 44,000 employees in more than 35 countries and posted revenue of $6.1 billion in 2015. Find out more at www.nxp.com.

About Beijing Jianguang Asset Management Co., Ltd. (JAC Capital)
Beijing Jianguang Asset Management Co., Ltd. (“JAC Capital”) is a subsidiary of JIC Capital which is part of JIC Group (China Jianyin Investment Ltd). JAC Capital was established for the purpose of investing in the high tech industry including semiconductor, information technology, networking, data service, cloud computing and telecommunications. By taking advantage of the abundant resources of its shareholders in the international financial market, JAC Capital partners with industrial leaders in various sectors and makes investments in the focused high tech industry and the global semiconductors market to...


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