28 May 2015

NXP Semiconductors sells RF Power Business

De Brauw Blackstone Westbroek advised NXP on selling its RF Power Business to the Chinese investor Jianguang Asset Management. Under the terms of the agreement JAC Capital will pay USD 1.8 billion for the business.

The NXP RF Power business is one of the market leaders in high performance RF power amplifiers primarily focused on the cellular base station market, but with potential future growth applications in the areas of industrial lighting, next generation cooking and automotive electronic ignition systems.

This is the largest Chinese acquisition ever to take place in the Netherlands. De Brauw acted as legal counsel to NXP and Ton Schutte was lead partner.

Click here to read NXP’s press release.