NXP & JAC Capital complete Bipolar Power joint venture

WeEn combines NXP’s advanced technology from its Bipolar Power business line with JAC Capital’s strong connections in the Chinese manufacturing network and distribution channels to lower manufacturing costs and boost profit margins of high end electronic products in China. JAC Capital has a 51% stake in WeEn while NXP owns the remainder.

WeEn will seek to capture the opportunities arising from China’s growing demand for electronic products in the consumer, automotive, smart manufacturing and medical equipment sectors. Current Chinese government policies provide great incentives to the high tech sector, including semiconductors, which will accelerate the growth of the industry in the next few years.

Frans Scheper, Executive Vice President and General Manager, Standard Products business, NXP Semiconductors, commented: “The completion of this transaction marks another step in NXP’s efforts in China, an electronics market which offers outstanding growth opportunities. With JAC Capital as partner we will be able to gain further market reach as a genuine Chinese business, allowing us to provide the best possible customer support to our global customer base and offer the greatest competitive advantages.”

“The completion of this deal is a significant milestone for Beijing Jianguang’s investment in the semiconductor industry. It is a great achievement from the cooperation between JAC Capital and NXP. With NXP’s leadership in the semiconductor industry and our strong local network, jointly we can provide the financial and industrial support to WeEn allowing it to rapidly develop its operations. This will not only be beneficial for both parties but will also greatly promote China’s local industry and economy,” added William Sun, General Manager, JAC Capital.