“We have created an industry powerhouse focused on the high growth opportunities in the Smarter World, capitalising on the emerging opportunities offered by the accelerating demand for connectivity, processing and security,” claimed Rick Clemmer, pictured, NXP’s CEO. “Today’s formation of the new NXP is a transformative step on our journey to become the industry leader in high performance mixed signal solutions.”
What is being called the ‘new NXP’ will have five business units: security and connectivity; automotive; RF; standard products; and digital networking. Steve Owen, executive VP of global sales and marketing, noted: “It’s exciting times for all of us and a time for more innovation and smarter thinking. The deal brings together two fantastic semiconductor companies and our customers are looking to us to innovate.”
He added that the new company has a ‘significant’ engineering presence – some 11,000 engineers around the world – and it would continue to work with the same ambition, but with a broader portfolio of products.
