FTC Approves Final Order Preserving Competition in Worldwide Market for RF Power...

FTC Approves Final Order Preserving Competition in Worldwide Market for RF Power Amplifiers

Washington, D.C. – February 1, 2016 – (RealEstateRama) — 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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The Federal Trade Commission (FTC) deals with issues that touch the economic life of every American. It is the only federal agency with both consumer protection and competition jurisdiction in broad sectors of the economy.

The FTC pursues vigorous and effective law enforcement; advances consumers’ interests by sharing its expertise with federal and state legislatures and U.S. and international government agencies; develops policy and research tools through hearings, workshops, and conferences; and creates practical and plain-language educational programs for consumers and businesses in a global marketplace with constantly changing technologies.

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