NXP sells performance amplifiers to Chinese state-owned JAC

nxp international headquartersEindhoven-based chip company NXP has agreed to sell its performance amplifier division to Chinese state-owned company JAC Capital for $1.8bn.

All the activities of the NXP RF Power business and 2,000 NXP employees who are primarily engaged globally in the RF Power business, including its entire management team, are part of the deal, as are all relevant patents and intellectual property.

They will be placed in a new company which will be incorporated in the Netherlands and be 100% owned by JAC, NXP said in a statement.

NXP said in March it wanted to sell the unit.

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