Following a public comment period, the Federal Trade Commission has approved a final order settling charges that NXP Semiconductors N.V.’s $11.8 billion acquisition of Freescale Semiconductor Ltd. would likely harm competition in the worldwide market for RF power amplifiers.
Under the order, first announced in November 2015, NXP is required to divest all its assets that are used primarily for manufacturing, research, and development of RF power amplifiers to the Chinese private equity firm Jianguang Asset Management Co. Ltd.
The Commission vote approving the final order was 4-0. (FTC File No. 151 0090; the staff contact is Meredith Levert, Bureau of Competition, 202-326-2881)
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