NXP sells stake in Chinese analog foundry

By Peter Clarke, EETimes Europe, May. 01, 2017 – 

NXP Semiconductors NV (Eindhoven, The Netherlands) has sold its 27.47 percent stake in Advanced Semiconductor Manufacturing Corporation Ltd. (Shanghai, China) for $53.7 million.

NXP sold its stake to Shanghai Pudong Science and Technology Investment Co. Ltd. ASMC is traded on the Hong Kong Stock Exchange.

ASMC runs two wafers fabs in Shanghai focused on manufacturing analog and higher bipolar content mixed-signal chips, MEMS and IGBT power devices. ASMC's customers include IDMs and fabless chip companies in various end-market applications, including automotive, computing, communications and consumer electronics. ASMC has been a supplier to NXP.

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