NXP Semiconductors NV is considering a sale of its standard products business and has received interest from Chinese buyers, Bloomberg reported on Friday. NXP may seek at least $2 billion for the unit, which makes semiconductor parts used in consumer electronics, Bloomberg reported.

The standard products business has drawn interest from suitors including Jianguang Asset Management Co, the Beijing-based investment firm known as JAC Capital, according to the report.

Slow demand in computer and phone markets have fueled a merger wave as firms look to higher margin areas like automotive electronics for sales growth.

In December, NXP completed a near $12 billion deal to buy Freescale Semiconductor and became the world's top maker of automotive electronics.