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NXP-Semiconductors

NXP Semiconductors

  • Business Scope: High Performance Mixed Signal, Standard Products
  • CEO: Rick Clemmer
  • Revenue: $4.36 billion (2012)
  • Global Headquarters: Eindhoven, The Netherlands
  • Employees: About 3,200 employees in Research & Development
  • Manufacturing Facilities:View Eco-Map
  • Core Technology: High Performance Mixed Signal semiconductor solutions
  • Stock Codes (NASDAQ) NXPI

Corporate Snapshot

NXP Semiconductors N.V. provides High Performance Mixed Signal and Standard Product solutions that leverage its leading RF, Analog, Power Management, Interface, Security and Digital Processing expertise. These innovations are used in a wide range of automotive, identification, wireless infrastructure, lighting, industrial, mobile, consumer and computing applications. A global semiconductor company with operations in more than 25 countries, NXP posted revenue of $4.36 billion in 2012.


First Quarter 2013 Results

NXP Semiconductors N.V. (NASDAQ: NXPI) reported financial results for the first quarter of 2013, ended March 31, 2013, and provided guidance for the second quarter 2013.


“Our revenue results for the first quarter of 2013 came in at the higher end of our guidance, as NXP delivered Product revenue of $1,055 million, a two percent sequential decline, and a fifteen percent increase from the comparable year ago period. Total NXP revenue in the first quarter was $1,085 million, a three percent sequential decline, and an eleven percent increase from the comparable year ago period,” said Richard Clemmer, NXP Chief Executive Officer.


“Our revenue performance during the quarter reflected continued momentum in our Identification business, in addition to more normal seasonal demand trends in our Automotive OEM business. We were pleased with the progress in our Infrastructure & Industrial and our Portable & Computing business but clearly the weak demand environment continues to create headwinds to sustainable growth in our Standard Products segment. From an earnings perspective, and excluding the net benefit of the release of the legal provision, our results were in line with the mid-point of our guidance with better than expected performance in our HPMS segment offset by weaker than expected financial performance in our Standard Products segment due to weaker mix, increased pricing pressure and poor factory performance resulting from a slower recovery than expected from our recent quality issues.


“We continue to be focused on improving our overall profitability, and feel good about the overall performance of HPMS, delivering improved earnings and maximizing shareholder value. We are making good progress in our efforts to control our operating expenses although we will accelerate some investments in ID that had been planned for later in the year to assure our continued technology leadership, and will take the necessary actions to improve the performance of Standard Products. Our strategy continues to be focused on providing unique and differentiated product solutions to enable our customers’ success, which over the longer-term should allow NXP to outpace the cyclical growth of the overall semiconductor market,” said Clemmer.



 


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