Beijing Jianguang Asset Management Co.
Ltd., a subsidiary of JIC member company JIC Capital, acquired NXP RF
Power Division in a deal closed in December 2015. This US$ 1.8 billion
transaction set a new record for China’s overseas IC acquisitions in
2015. It will help fill the gap in China’s high-end chip technology and
in turn play a substantial role in the upgrading process of the entire
semi-conductor industry. Involving a Chinese state-owned buyer, the
transaction itself is the first IC spin-off deal that has been approved
by CFIUS and FTC.