The Company Will Integrate NXP's Current China-Based Operations and Serve
to Further NXP's Investment and Commitment to China
SHANGHAI, China,
March 26, 2015 (GLOBE NEWSWIRE) --
NXP Semiconductors
(Nasdaq:NXPI) today announced the establishment of
NXP (China) Management Co., Ltd in
Shanghai,
converted from the original company,
NXP Semiconductors (Shanghai) Co., Ltd. The company will be
responsible for all of
NXP Semiconductors
current operations in
China, and will
have expanded responsibilities covering investment, strategy, capital
operations and financial management, among other areas. The change in
structure will allow NXP to better support, and provide a lasting contribution
to, the development of the Chinese semiconductor market.
"The Chinese market is a vital part of our global development strategy," said
NXP chief executive officer, Rick Clemmer. "We have a strong
track record of long-term investment of global technology resources in
China, and are
devoted to enabling secure connections for the smarter world in this market.
The establishment of NXP (China) Management Co., Ltd. further
strengthens our commitment to the Chinese market and customers."
The Dutch Prime Minister, Mark Rutte, who is visiting
China this week,
said: "The Netherlands
is one of
China's top three
trading partners in
Europe. Bilateral
co-operation exists across science and technology, agriculture, energy
conservation and city planning. The establishment of NXP's regional
headquarters in
Shanghai
reflects these growing links in science and technology, where there exists
great scope for future development."
"The establishment of NXP (China) Management Co., Ltd., is a new
milestone in NXP's market development in
China," said NXP
senior vice president and
China CEO,
Li Zheng. "With this new structure, we will be better placed
to innovate through products, collaborate with Chinese enterprises, and
respond to global competition. NXP will support the Chinese government in
achieving the goals of national industrialization and innovation in the near
future, and act as a model of inclusive growth partnerships in
China."
About
NXP Semiconductors
NXP Semiconductors N.V.
(Nasdaq:NXPI) creates solutions that enable Secure Connections for a Smarter
World. Building on its expertise in High Performance Mixed Signal electronics,
NXP is driving innovation in the application areas Connected Car, Security,
Portable and Wearable and Internet of Things. NXP has operations in more than
25 countries, and posted revenue of $5.65 billion in 2014. Find
out more at
nxp.com.
Forward-looking Statements
This document includes forward-looking statements which include statements
regarding NXP's business strategy, financial condition, results of operations
and market data, as well as other statements that are not historical facts. By
their nature, forward-looking statements are subject to numerous factors,
risks and uncertainties that could cause actual outcomes and results to be
materially different from those projected. Readers are cautioned not to place
undue reliance on these forward-looking statements. Except for any ongoing
obligation to disclose material information as required by
the United States
federal securities laws, NXP does not have any intention or obligation to
publicly update or revise any forward-looking statements after NXP distributes
this document, whether to reflect any future events or circumstances or
otherwise. For a discussion of potential risks and uncertainties, please refer
to the risk factors listed in NXP's SEC filings. Copies of NXP's
SEC filings are available from the SEC website,
www.sec.gov.
CONTACT: For more information, please contact: NXP Semiconductors N.V. Jannet Chen Tel: +86-21-2205 5883 Fax: +86-21-2205 2518 Email: jannet.chen@nxp.com Ogilvy Public Relations Sharon Tang Phone: +86-10-85206565 Fax: +86-10-85206600 Email: sharon.tang@ogilvy.com
NXP Semiconductors