Apple Chip Suppliers NXP, Cirrus Retake Key Level
Two Apple (AAPL) chip suppliers reclaimed a key level in Friday’s shortened trading session: NXP Semiconductors (NXPI) and Cirrus Logic (CRUS). NXP Semi on Friday was given regulatory approval from China’s Ministry of Commerce to complete its $12 billion dollar merger with Freescale Semiconductor (FSL). European and U.S. regulators have already signed off on the deal. NXP expects to close the transaction and the divestment of its RF power business