The division offers discrete, logic and PowerMOS semiconductors to customers in the automotive, industrial, computing, consumer and wearable application markets.
"This transaction … enables NXP to continue to focus on its high performance mixed signal business,” said Rick Clemmer, pictured, NXP’s CEO. “We believe the creation of Nexperia benefits our customers, as JAC Capital and Wise Road Capital will focus on global investments to enhance and support the future growth of the business.”
As part of the deal, all of NXP’s Standard Products business, including its management team and some 11,000 NXP employees will transfer to Nexperia. The transaction also includes NXP’s fabs in Manchester and Hamburg, back end facilities in China, Malaysia, and the Philippines, in house equipment manufacturer ITEC and all relevant patents and IP.
“We will enhance the competitive position of the business globally through thoughtful investment in R&D, manufacturing and customer service to strengthen its global market position,” said Brighten Li, chairman of JAC Capital Investment Evaluation Committee.”
Michael Zhang, managing partner of Wise Road Capital, added: “Although servicing a variety of markets, Nexperia will be increasing its focus on automotive applications and providing high quality solutions.”