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.
At the end of 2015, a new company was established following the acquisition of NXP RF Power. NXPs management team, employees, production lines and its intellectual property rights and patents were kept intact, and transferred to the new entity. This very solid transition empowered the new entity with autonomy in management, and provided the necessary space for creativity for the R&D team in a sustainable way. In June 2016, Jianguang Asset Management and NXP reached another agreement on the acquisition of the NXP Standard Products business. The latter is a leading supplier in discrete, logical and Power MOS semiconductors, and targets various markets such as automobiles, industrial manufacturing, computing, mass consumers as well as wearable devices. Its customers include Apple, Nokie and Dell, among others. On February 7, 2017, NXP Standard Product Business M&A Project of Beijing Jianguang Asset Management Co., Ltd.(with Nexperia B.V. being established for the purpose of the project) was successfully delivered, the transaction amount of which was 2.75 billion dollars.