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US/Netherlands: Chip Makers in $40 billion merger

By  |  March 2, 2015

NXP and Freescale have signed a definitive agreement under which NXP will merge with Freescale in a transaction which values the combined enterprise at $40 billion. The deal values Freescale at $16.7 billion, including its net debt.

NXP, based in the Netherlands, operates in over 25 countries with a revenue of $5.7 billion last year. Texas-based Freescale also has operations in 25 countries with $4.6 billion in net sales last year.

“Today’s announcement is a transformative step in our objective to become the industry leader in high performance mixed signal solutions.” said Rick Clemmer, who will be president and chief executive officer of the merged company.

 

Full Content: CNBC News

 

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