NXP Semiconductors sells China JV stake as Qualcomm takeover awaits Beijing nod [Reuters (UK)]
NXP Semiconductors N.V. (NXPI)
Last nxp semiconductors n.v. earnings: 4/27 05:00 pm
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Source: Reuters
NXP Semiconductors sells China JV stake as Qualcomm takeover awaits Beijing nod | Reuters Reuters Staff 2 Min Read BEIJING (Reuters) - U.S. chipmaker NXP Semiconductors NV ( NXPI.O ), target of a $44 billion takeover by Qualcomm Inc ( QCOM.O ) that is awaiting approval by Chinese antimonopoly regulators, has sold its stake in a Chinese chip-design joint venture. NXP sold its 40 percent of Suzhou ASEN Semiconductors Co Ltd to Taiwanese venture partner Advanced Semiconductor Engineering Inc ( 2311.TW ) for $127 million, showed a stock exchange filing on Tuesday. The divesture could potentially help ease competition concerns by lowering NXP’s exposure to the Chinese market as the country’s commerce ministry considers Qualcomm’s takeover bid. Qualcomm has received approval from the other eight of nine required regulators to finalize its acquisition. [nL8N1PD4I0] In January, NXP announced the end date for the transaction was extended to April 25, following multiple prior extensions.
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News
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NXPI
Earnings
- 2/5/24 - Beat
NXPI
Sec Filings
- 4/15/24 - Form ARS
- 4/15/24 - Form DEF
- 4/5/24 - Form PRE
- NXPI's page on the SEC website