In 20 16, China Jianguang Assets acquired NXP's standard parts business for US$ 2.75 billion, so NXP produced it in China afterwards.
China is NXP's largest single market. In the process of acquiring Freescale, the Ministry of Commerce of China needs to release it. At the same time, Qualcomm's acquisition of NXP needs the signature of the Ministry of Commerce. The United States and Europe are clever actuaries, and it is unthinkable to lose the China market. This is the biggest guarantee for the United States and Europe to let go and merge smoothly.
Overview of NXP China
Philips Semiconductor Division, the predecessor of NXP, set up an office in China on 1986.
20 14 NXP and Datang Telecom Technology Co., Ltd. jointly established Datang NXP Semiconductor Co., Ltd.
20 17; NXP sold its voice and audio application solutions business to China Ding Hui Science and Technology Company at a price of US$ 654.38 million+US$ 65 million.
20 19 The signing ceremony of the investment cooperation agreement between Tianjin Development Zone Management Committee and NXP Semiconductor Artificial Intelligence Application Demonstration Base was held in Tianjin Development Zone Investment Service Center on 26th, marking the settlement of NXP's artificial intelligence and Internet of Things demonstration project in Tianjin Development Zone.