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NXP Sells Stake in China Foundry ASMC
Dylan McGrath, EETimes, Apr. 19, 2017 – SAN FRANCISCO-NXP Semiconductors NV said Wednesday (April 19) it sold its 27 percent remaining stake in Advanced Semiconductor Manufacturing Corp. Ltd. (ASMC), a chip foundry based in China.
ASMC began as a joint venture in the late 1980s between the Chinese Government and Royal Philips Electronics NV , the Dutch giant that eventually spun off NXP.
ASMC, originally known as Philips Semiconductor Shanghai, exclusively made chips for Philips for years. It has two 8-inch wafer fabs in Shanghai.