NXP Semiconductors Divests Stake in Advanced Semic
Post# of 301275
EINDHOVEN, The Netherlands, April 19, 2017 (GLOBE NEWSWIRE) -- NXP Semiconductors N.V. (NASDAQ:NXPI) today announced that the company has sold its shares in Advanced Semiconductor Manufacturing Corporation Ltd. (ASMC).
The company sold 421.45 million shares, representing a 27.47 percent ownership in ASMC, for a total consideration of $53.7 million USD, or 0.99 HKD per share. The sale was made to Shanghai Pudong Science and Technology Investment Co., Ltd, (PDSTI). ASMC is traded on the Hong Kong Stock Exchange (stock code: 3355).
This announcement is for informational purposes only.
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 31,000 employees in more than 33 countries and posted revenue of $9.5 billion in 2016. Find out more at www.nxp.com.
For further information, please contact: Investors: Jeff Palmer jeff.palmer@nxp.com +1 408 518 5411 Media: Jacey Zuniga jacey.zuniga@nxp.com +1 512 895 7398
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