NXP
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Public (Acquisition by Qualcomm pending) |
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| Traded as |
NASDAQ: NXPI NASDAQ-100 Component |
| Industry | Electronics |
| Founded | 2006 |
| Headquarters | High Tech Campus in Eindhoven, Netherlands |
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Key people
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Rick Clemmer, President & CEO |
| Products | Semiconductors |
| Revenue |
 US$6.1 billion (2015) |
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US$1.68 billion (2015) |
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US$1.4 billion (2015) |
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Number of employees
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45,000 (2016) |
| Website | www |
NXP Semiconductors N.V. is a Dutch global semiconductor manufacturer headquartered in Eindhoven, Netherlands. The company employs approximately 45,000 people in more than 35 countries, including 11,200 engineers in 23 countries. NXP reported revenue of $6.1 billion in 2015, including one month of revenue contribution from recently merged Freescale Semiconductor.
On October 27, 2016, it was announced that Qualcomm would buy NXP.
NXP said it was the fifth-largest non-memory semiconductor supplier in 2016, and the leading semiconductor supplier for the secure identification, automotive and digital networking industries. The company was founded in 1953 as part of the electronics firm Philips, with manufacturing and development in Nijmegen, Netherlands. Known then as Philips Semiconductors, the company was sold to a consortium of private equity investors in 2006, at which point the company's name was changed to NXP.
On August 6, 2010, NXP completed its Initial public offering, with shares trading on NASDAQ under the ticker symbol NXPI. On December 23, 2013, NXP Semiconductors was added to the NASDAQ 100. Finally, on March 2, 2015, it was announced that NXP Semiconductors would merge with chip designer and manufacturer Freescale Semiconductor in a $40 billion US-dollar deal. The merger was closed on December 7, 2015.
NXP Semiconductors provides mixed signal and standard products based on its security, identification, automotive, networking, radio frequency, analog signal, and power management expertise. With an emphasis on security of the connected vehicle and the Internet of things, the company's products are used in automotive, identification, wired and wireless infrastructure, lighting, industrial, consumer, mobile and computing applications. For example, in order to protect against potential hackers, NXP offers gateways to automotive manufacturers that prevent communication with every network within a car independently.
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Wikipedia