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NXP completed the acquisition of Freescale Semiconductor


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 NXP completed the acquisition of Freescale Semiconductor


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POSTER: computer news   ||    NXP COMPLETED THE ACQUISITION OF FREESCALE SEMICONDUCTOR

DATE:2015-12-08

In the spring  NXP and Freescale announced intentions to merge core assets. The combined company will get one-third of the shares to Freescale Semiconductor securities holders  , the transaction amount excluding debt closer to $ 11.8 billion.

Yesterday, the Dutch company NXP Semiconductors announced the completion of the deal on the absorption of Freescale Semiconductor. The combined company, which will act under the name of the buyer (NXP), hopes to become a leader in several segments of the market, with an annual revenue volume of at least $ 10 billion. In particular, NXP can control a large market of automotive microelectronics to give this direction to 40% of total revenues. In the next few years, this market segment will grow by 5-6% per year, and expects to reach NXP leading the pace of development - by 8-9% per year.

The first product of the joint venture will be an integrated solution for automotive radars. With the development of driver assistance systems  the autopilot demand for such products will grow.

NXP will also expects to earn in the segments of "Internet of Things", security systems and portable devices. Along the way, it was announced the sale of NXP's RF Power division to the Chinese fund JAC Capital. Terms of the transaction were not disclosed.

 


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 NXP completed the acquisition of Freescale Semiconductor


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Related news:

The European Commission began its own investigation of the deal between Qualcomm and NXP (2017-06-11)
The European regulator does not see the intention of Qualcomm to cooperate in the decision to absorb NXP (2017-06-04)
NXP Semiconductors has got rid of a share in the Chinese enterprises (2017-04-20)
This year, NXP will release at least 5 SoC using the FD-SOI technical process (2017-04-14)
Qualcomm will not close the NXP plant (2017-01-23)
NXP believes that the consolidation of the assets in the industry will continue (2016-11-06)
Qualcomm to pay for NXP Semiconductors to about 47 billion (2016-10-28)
Qualcomm and NXP Semiconductors will soon agree on a price (2016-10-07)
Interest in NXP can show Intel and Samsung (2016-10-02)
NXP Semiconductors can get all Qualcomm (2016-09-30)
NXP Semiconductors can sell its standard products to Chinese investors (2016-04-11)
NXP completed the acquisition of Freescale Semiconductor (2015-12-08)
NXP will be Owner of Freescale Semiconductor (2015-03-03)
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