NXP Semiconductors Divests Stake in Advanced Semiconductor Manufacturing Corporation Ltd.
April 19 2017 - 11:09AM
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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