NXP Semiconductors has announced that the company has received clearance on the proposed transaction of the sale of its RF Power business to JAC Capital from the Committee on Foreign Investment in the United States (CFIUS). The divesture of the RF Power business is a condition for NXP’s merger with Freescale Semiconductor. The new company will be called Ampleon.
NXP and JAC Capital are in the final stages of the regulatory approval process in respect of the acquisition by JAC Capital of NXP’s RF Power business, which is targeted to close on December 7, next.
