NXP Receives European Commission Approval for Divestiture of Standard Products Business

EINDHOVEN, The Netherlands, Oct. 13, 2016 (GLOBE NEWSWIRE) — NXP Semiconductors N.V. (NASDAQ:NXPI) today announced that the European Commission (EC) has approved the transaction under which NXP divests its Standard Products business (“Nexperia”) to a consortium of financial investors consisting of Beijing Jianguang Asset Management Co., Ltd (“JAC Capital”) and Wise Road Capital LTD (“Wise Road Capital”).

NXP continues to expect to close the transaction in the first quarter of 2017.

About NXP Semiconductors
NXP Semiconductors N.V. (NASDAQ:NXPI) enables secure connections and infrastructure for a smarter world, advancing solutions that make lives easier, better and safer. As the world leader in secure connectivity solutions for embedded applications, NXP is driving innovation in the secure connected vehicle, end-to-end security & privacy and smart connected solutions markets. Built on more than 60 years of combined experience and expertise, the company has 44,000 employees in more than 35 countries and posted revenue of $6.1 billion in 2015. Find out more at www.nxp.com.

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