NXP Semiconductors and Datang Telecom Technology today announced the establishment of a joint venture (JV), the first true automotive semiconductor company in China. The JV will focus on developing and marketing semiconductor solutions for the domestic hybrid and electric car market, a top priority in the latest five-year plan of the Chinese government. Teaming up in this JV are two strong industry partners: NXP is the largest automotive semiconductors supplier for China , while Datang Telecom is a state-owned multinational high-tech enterprise headquartered in Beijing, China. The JV is subject to relevant Chinese authorities’ approval.
The new company — Datang NXP Semiconductors Co., Ltd. will be headquartered in Nantong, China, close to Shanghai. It will be a fabless company that primarily serves the domestic Chinese market, focusing on the research, development and sale of advanced application specific automotive ICs in High Performance Mixed Signal technology. NXP will transfer and license certain intellectual property rights to the JV, specifically in power management including battery management. NXP will hold a 49% share in the JV, with Datang Telecom representing 51%. The JV will strengthen the ties of NXP and Datang Telecom with political decision makers and emerging local customers and partners.
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