NXP Sells Stake in China Foundry ASMC

发布时间：2017-04-19 00:00
作者：Ameya360
来源：EE TIME
阅读量：1253

　　NXP Semiconductors NV said Wednesday (April 19) it sold its 27 percent remaining stake in Advanced Semiconductor Manufacturing Corp. Ltd. (ASMC), a chip foundry based in China.

　　ASMC began as a joint venture in the late 1980s between the Chinese Government and Royal Philips Electronics NV , the Dutch giant that eventually spun off NXP.

　　ASMC, originally known as Philips Semiconductor Shanghai, exclusively made chips for Philips for years. It has two 8-inch wafer fabs in Shanghai.

　　NXP (Eindhovern, the Netherlands) said it sold its 421.45 million shares, representing 27.47 percent ownership of ASMIC, for $53.7 million to Shanghai Pudong Science and Technology Investment Co. Ltd.

　　NXP is in the process of being acquired by U.S. chip giant Qualcomm Inc., a fabless company that relies solely on foundries for manufacturing of its chips. The divestiture of NXP's stake in ASMC may have been a step toward closing the deal or achieving regulatory compliance in China.

　　Qualcomm said recently that the deal's waiting period under the Hart-Scott-Rodino act had expired without any antitrust objections being raised by the U.S. Federal Trade Commission. The Qualcomm-NXP deal is expected to close by the end of this year.

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