Today, NXP Semiconductors announced an agreement that will facilitate the sale of its RF Power business to Jianguang Asset Management Co. Ltd (JAC Capital). Under the terms of the agreement the Chinese JAC Capital will pay 1.8 billion dollars, or 1.6 billion euros, for the business.
DAF employees are on a 24-hour strike in Eindhoven today. Negotiations for a new collective labour agreement for metal workers have ended in deadlock. The entire metallurgy industry, which includes DAF, is taking industrial action at the moment.