NXP Semiconductors N.V. (NXPI) announced an agreement that will facilitate the sale of its RF Power business to Jianguang Asset Management Co. Ltd., or JAC Capital, a subsidiary of JIC Capital which is a state-owned investment company. JAC Capital will pay $1.8 billion for the RF Power business.
NXP Semiconductors Announces Agreement To Sell RF Power Business
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Semtech Corp. (SMTC) reported first quarter adjusted EPS of $0.27 after the close Wednesday, compared to $0.32 last year. Analysts expected EPS of $0.28. Second quarter adjusted EPS is expected to be between $0.21 and $0.26. The consensus estimate is for EPS of $0.37. The stock is now down 2.61 on 10K...