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NXP Semiconductors

Company nameNXP Semiconductors
Company typePublic (NASDAQ - NXPI)
Founded2006, formerly a division of Philips
HeadquartersEindhoven, Netherlands
Key peopleRick Clemmer, President & CEO
Revenue(+) US$ 4.5 Billion (2010)
Net income(-) US$ 462.5 Million (2010)

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NXP Semiconductors is one of the Worldwide Top 20 Semiconductor Sales Leaders, and was originally founded by Philips more than 50 years ago. Formerly known as Philips Semiconductors, the company was sold by Philips to a consortium of private equity investors in 2006. The new name, NXP, stood for the consumer's "next experience", according to then-CEO Frans van Houten. On August 6, 2010, NXP completed its IPO, with shares trading on NASDAQ under the ticker symbol NXPI.

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 4.4 billion in 2010.

NXP is the co-inventor of NFC or Near Field Communication technology along with Sony, and supplies NFC chip sets which enable mobile phones to be used to pay for goods, and store and exchange data securely. The company also manufactures and markets the chip set and contactless card for MIFARE used by many major transit systems all over the world. According to CEO Rick Clemmer, key growth areas for NXP include GreenChip technology, authentication technology, and solutions for the Smart Home or home automation market.

NXP has products in many areas, and is also involved in the automotive sensor market.

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