The EU Commission clears the acquisition of a global semiconductor manufacturer, subject to the divestment of its radio frequency power business (NXP / Freescale)

NXP / Freescale: global remedies in a 3 to 3 semiconductor merger* In a nutshell: The case concerned the combination of two major semiconductor manufacturers active worldwide, which was reviewed in several jurisdictions. The Commission cooperated particularly closely with the US FTC to ensure a consistent outcome, including in terms of remedies. Discussing clear-cut structural remedies during pre-notification helped the merging parties to obtain a quick phase I clearance. 1. Introduction In September 2015, the Commission cleared the acquisition of Freescale by NXP, both global semiconductor manufacturers, subject to the divestment of NXP’s radio frequency (RF) power business. [1] The transaction was reviewed in parallel by the European Commission, the US Federal Trade Commission (US

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Salvatore De Vita, Luca Manigrassi, Teodora Vateva, The EU Commission clears the acquisition of a global semiconductor manufacturer, subject to the divestment of its radio frequency power business (NXP / Freescale), 17 September 2015, e-Competitions Cooperation between National Competition Authorities, Art. N° 86428

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