NXP (for Next eXPerience) Semiconductors is the name of a semiconductor company founded by Philips as announced by its then-CEO Frans van Houten to its customers and employees in Berlin on August 31, 2006 and to the global media the next day. NXP Semiconductors provides High Performance Mixed Signal and Standard Product solutions based on its RF, analog, power management, interface, security and digital processing expertise. These semiconductors are used in a wide range of automotive, identification, wireless infrastructure, lighting, industrial, mobile, consumer and computing applications. Headquartered in the Netherlands, the company has approximately 28,000 employees working in more than 25 countries and posted sales of USD 3.8 billion in 2009.
They also manufacture and market the chip set and contactless card for MIFARE used by many major transit systems all over the world.
Philips Semiconductors acquires VLSI Technology in June 1999.
In December 2005, Philips announced its intention to make its Semiconductor Division into a separate legal entity. This process of "disentanglement" was scheduled to be completed on October 1, 2006.
2006-08-02, Philips completed an agreement to sell a controlling 80.1% stake in Philips Semiconductors to a consortium of private equity investors consisting of Kohlberg Kravis Roberts & Co. (KKR), Silver Lake Partners and AlpInvest Partners. Philips will retain a 19.9% share in the new entity.
2006-08-21, Bain Capital and Apax Partners announced that they had signed definitive commitments to join the expanded consortium headed by KKR that is to acquire the controlling stake in the new company.
2006-09-01, NXP announced to the global media during the Internationale Funkausstellung (IFA) consumer electronics show in Berlin.
2006-09-14, NXP announced its board of management, comprising Frans van Houten, Peter van Bommel, Theo Claasen and Hein van der Zeeuw.
2006-10-01, NXP became a separate legal entity.
2006-10-04, NXP announced the appointment of Sir Peter Bonfield as chairman of its supervisory board.
2007-01-16, NXP announced that it would not renew its Crolles2 Alliance contract thus bringing to a conclusion the existing alliance at the end of 2007.
2007-02-08, NXP announced that it is to acquire Silicon Laboratories’ Cellular Communications Business.
2007-09-05, DSP Group acquired the NXP's Cordless and VoIP terminals business
2008-04-11, NXP announced that they transform their division "Mobile and Personal" into a joint venture with STMicroelectronics, which in 2009 became ST-Ericsson, a 50/50 joint venture of Ericsson and STMicroelectronics.
2008-04-29, Conexant to sell Broadband Media Processing Lines to NXP Semiconductors.
2008-09-12, NXP announced that it is going to restructure its organisation to reduce costs which will result in 4500 job cuts world wide
2008-12-31, NXP announced that CEO Frans van Houten would step down the next day. He was replaced by Richard Clemmer, who was a member of NXP's supervisory board at that time.
2009-10-05, NXP announced that they sell their division "Business Unit Home" to Trident Microsystems.
2009-10-12, NXP announced that they sell part of their division "Corporate I&T" linked to advanced CMOS to Virage Logic.
2010-08-06, NXP announced its IPO at NASDAQ, with 34,000,000 shares, pricing each $14. As of Q1 '10, its debt to assets ratio was 0.64., debt to EBITDA ratio was 7, which was the highest among the competitors, where the closest was one 3.2.
After being separated from Philips, the new company NXP has these focus markets:
Worldwide Top 20 Semiconductor Market Share Ranking Year by Year
^ Frans van Houten biography at NXP