For automotive, industrial, consumer and wearable application markets.
Discrete, Logic, Power MOS Semiconductor Supply

NXP Semiconductors announced the sale of its Standard Products division.

NXP has agreed to sell its Standard Products business to a consortium of financial investors, including Beijing Jianguang Asset Management (JAC Capital) and Wise Road Capital. Under the terms of the agreement, the consortium will pay approximately $2.75 billion for the business. The transaction is expected to close in the first quarter of 2017, subject to all necessary regulatory approvals and employee representation.

NXP Standard Products is a leading supplier of Discrete, Logic and PowerMOS semiconductors to the automotive, industrial, consumer and wearable application markets. NXP Standard Products will be rebranded as Nexperia and will be headquartered in Nijmegen, the Netherlands. NXP Standard Products had annual revenues of $1.2 billion for fiscal year 2015.


▲NXP Semiconductor Discrete and Logic Product Classification (Homepage)

“This transaction is a positive outcome for all parties involved,” said Rick Clemmer, NXP CEO. This will enable NXP to continue to focus on its High-Performance Mixed Signal (HPMS) business and further strengthen secure connections for a smarter world. NXP believes that the establishment of Nexperia will benefit our customers as JAC Capital and Wise Road Capital focus on global investments to strengthen and support the growth of the business.”

NXP continues to focus on high-performance mixed-signal (HPMS) business
.
The entire NXP Standard Products business, including the management team led by Frans Scheper and approximately 11,000 NXP employees, will be transferred to Nexperia.
Nexperia will be incorporated in the Netherlands as an independent company and will be fully owned by JAC Capital and Wise Lord Capital upon completion of the transaction.

Additionally, NXP’s Standard Products front-end wafer fabs in Manchester, UK and Hamburg, Germany, as well as back-end facilities in Guangdong, China; Seremban, Malaysia; and Cabuyao, Philippines; and its in-house equipment manufacturer, ITEC, along with all patents and intellectual property associated with the Standard Products division will be transferred to Nexperia.

The execution of the transaction, the final terms and the approval of JAC Capital and Wise Road Capital as acquirers are subject to review and approval by the U.S. Federal Trade Commission, the European Commission, MOFCOM and other relevant authorities. Credit Suisse served as sole financial advisor to NXP.