Recently, the NXP standard product M&A project of Beijing Jianguang Asset Management Co., Ltd, a subsidiary of JIC Capital, was approved by the CFIUS. This marks that all examination, approval and record works related to this M&A project at home and abroad have been finished. Before then, this project had successively obtained the antitrust approval from the involved countries and regions including the Chinese Ministry of Commerce, FTC and the European Commission. It has also been put on records by the NDRC and the Ministry of Commerce. The project is expected to be finally completed in the first quarter of 2017.  

On June 14 this year, Jianguang Asset Management and Wise Road Capital formed a consortium, which signed an agreement with NXP to acquire its standard product business section. NXP is one of the world’s top ten semiconductor companies. Jianguang Asset Management purchased its radio-frequency power business in late 2015.