NXP may take over rival Freescale European Commission




NXP The European Commission has given permission to take over its US rival Freescale. Philips does it need emerged for the business merger put his business for signal amplifiers in the window, it was announced Thursday.

NXP logo NXP announced early this year that Freescale for $ 11.8 billion, a sloppy 10.6 billion, will take over. Freescale was until 2004 part of Motorola and has spread across seventeen countries, about 17,000 employees. The company makes chips for among other automotive, e-readers and wireless chargers.

The European Commission late Thursday that NXP US rival can take over, if it does its business for amplifiers of the hand. The company does not do this, then Europe is afraid of a decrease in competition. This can lead to higher prices.

NXP has committed, according to the European Commission to sell the item for signal amplifiers. The Dutch chip manufacturer needs to contract with an external chip factory that supplies the signal amplifiers again to NXP.

NXP and Freescale merge into one of the largest chip manufacturers in the world. They will accomplish together, keeping an eye on the past year, sales of ten billion dollars. It is not yet clear when the merger is about and how the merged company will be called.

The Dutch chip company is lately a lot of money in the company to stop. Besides the acquisition of Freescale, NXP, recently said that millions investing in chip machines for his factory in Nijmegen. In addition, announced this week his new Mantra RF portfolio, including chips for smart covers cars.

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