NXP Semiconductors Announces Conference Call to Review Third Quarter 2015 Financial Results and Provides Update on Regulatory Approval of Previously Announced Merger

NXP Semiconductors N.V. NXPI announced today it will release financial results for the third quarter of 2015 after the close of extended trading on the NASDAQ Global Select Market on Wednesday, October 28, 2015. The release will be followed by a conference call with the financial community on Thursday, October 29, 2015 at 8:00 AM U.S. Eastern Daylight Time. NXP also announced today that the regulatory approval process on the NXP-Freescale Semiconductor ("FSL") merger and the sale of NXP's RF Power business is progressing as anticipated. NXP believes it is on track to close the transactions, including the sale of the RF Power business to Beijing Jianguang Asset Management Co., Ltd. (JAC Capital), in the fourth quarter of 2015. Next to the already received clearances, including the clearance received from the European Commission, NXP expects clearance decisions in the USA, China and South Korea. In the meantime, the Committee on Foreign Investment in the United States (CFIUS) has completed its action on the NXP-FSL merger. CFIUS has informed NXP and JAC Capital that it will conduct a 45-day investigation of the sale of the RF Power business that is expected to be completed no later than November 23, 2015. Due to the anticipated timing of the completion of the previously announced merger, NXP will only provide limited guidance for the fourth quarter of 2015 at the time it publishes its third quarter results.