Chinese Firm to Buy NXP Spinoff
By Dylan McGrath, EETimes
October 26, 2018
SAN FRANCISCO — Chinese contract manufacturer Wingtech Technology Co Ltd said it has struck deals to acquire a controlling stake in Netherlands-based Nexperia, a spin off of NXP Semiconductors.
According to a report from the Reuters news service, Wingtech announced it would spend about $2.67 billion to acquire shares of Nexperia from existing owners. The company had announced last month it would pay about $964 million to acquire another owner of Nexperia, Reuters reported. As a result of these transactions, Wingtech will own about 75% of Nexperia.
To read the full article, click here
Related Semiconductor IP
- 1.6T Ultra Ethernet Controller
- Chiplet Die-to-Die Interconnect IP Solution
- High speed MACsec Engine 100G/200G/400G/800G/1.6T
- Temperature/Voltage sensors
- AMBA Bus Host to eSPI Controller/Target
Related News
- Phoenix spin-off to sell standard IP cores
- Philips Semiconductors debuts Nexperia DVP products for digital TV <!--<FONT SIZE=-1>(by Peter Clarke - EE-TIMES)</FONT>-->
- Toshiba's U.S. CPU spinoff closes its doors
- Moto semi spin-off seen as likely after Galvin's exit
Latest News
- Imec unlocks fourfold UWB range extension using world-first narrowband receiver chip compliant with IEEE 802.15.4ab standard
- Alliance for Open Media Releases AV2 Codec, Advancing Next-Generation Open Video Coding
- VeriSilicon Drives Commercial Adoption of AV2 Across Next-Generation Video and Streaming Applications
- Cadence Announces Collaboration with Intel Foundry to Accelerate Intel 14A Process Optimization for HPC and Mobile Designs
- Menta and Presto Engineering Announce Strategic Collaboration to Accelerate Adaptive ASIC Architectures with Embedded FPGA Technology