Chinese private equity firm and NXP to establish semiconductor joint venture
NASDAQ listed semiconductors firm NXP and Chinese investment firm JianGuang Asset Management, a subsidiary of JIC Capital, has announced establishing a joint venture in China.
The JV is intended to combine NXP's technology from its Bipolar Power business line with JAC Capital's connections in the Chinese manufacturing network and distribution channels for high end electronic products in China. JAC Capital will own a 51% stake in the JV and NXP taking the remaining 49% share. (NXP has operations in more than 25 countries, and posted revenue of $5.65 billion in 2014.)
JIC Capital is listed in the Chinese Investors Directory with the code SIJ116
More details follows
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