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Apple (AAPL) chip supplier NXP Semiconductors (NXPI) is selling its RF power business to China’s JianGuang Asset Management (JAC Capital) for $1.8 billion, a move to satisfy concerns over its pending acquisition of peer Freescale Semiconductor (FSL). NXP shares rose 0.4% to 111.16, reaching another new high in the stock market today. NXP cleared a 105.04 buy point on May 21. On Wednesday, the stock cleared another buy point of 108.60 with a 3.5% Scalper1 News
Scalper1 News