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NXP Semiconductors
NXP Semiconductors N.V. is a Dutch semiconductor manufacturing and design company with headquarters in Eindhoven, Netherlands. It is the third largest European semiconductor company by market capitalization as of 2024. The company employs approximately 34,000 people in more than 30 countries and it reported revenues of $13.3 billion in 2023. The company's origins date back to the 1950s as part of Philips and it became one of the world's largest semiconductor companies by the end of the 20th century. Philips spun off the company in 2006 and it has since operated independently.
The company's name is an abbreviation of Next eXPerience.
Originally spun off from Philips in 2006, NXP completed its initial public offering, on August 6, 2010, with shares trading on Nasdaq under the ticker symbol "NXPI". On December 23, 2013, NXP Semiconductors was added to the Nasdaq-100 index. In 2021, it was added to the S&P 500 stock index.
NXP is the co-inventor of near field communication (NFC) technology along with Sony and Inside Secure and supplies NFC chip sets that enable mobile phones to be used to pay for goods, and store and exchange data securely. NXP manufactures chips for eGovernment applications such as electronic passports; RFID tags and labels; and transport and access management, with the chip set and contactless card for MIFARE used by many major public transit systems worldwide. In order to protect against potential hackers, NXP offers gateways to automotive manufacturers that prevent communication with every network within a car independently. NXP customers include Apple, Dell, Ericsson and Samsung.
In 1953 Philips started a small scale production facility in the center of the Dutch city Nijmegen as part of its main industry group "Icoma" (Industrial Components and Materials), followed by the opening of a new factory in 1955.[citation needed] In 1965 Icoma became part of a new Philips main industry group "Elcoma" (Electronic Components and Materials).
In 1975 Silicon Valley–based Signetics was acquired by Philips. Signetics claimed to be the "first company in the world established expressly to make and sell integrated circuits" and inventor of the 555 timer IC. At the time, it was claimed that with the Signetics acquisition, Philips was now number two in the league table of semiconductor manufacturers in the world.
In 1987, Philips was ranked Europe's largest semiconductor maker. The year after, all Philips semiconductor subsidiaries, including Signetics, Faselec (in Switzerland) and Mullard (in the UK), were merged in the newly formed product division Components. The semiconductor activities were split off from Components in 1991 under the name Philips Semiconductors.
In June 1999, Philips acquired VLSI Technology, at the time making Philips the world's sixth largest semiconductor company.
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NXP Semiconductors
NXP Semiconductors N.V. is a Dutch semiconductor manufacturing and design company with headquarters in Eindhoven, Netherlands. It is the third largest European semiconductor company by market capitalization as of 2024. The company employs approximately 34,000 people in more than 30 countries and it reported revenues of $13.3 billion in 2023. The company's origins date back to the 1950s as part of Philips and it became one of the world's largest semiconductor companies by the end of the 20th century. Philips spun off the company in 2006 and it has since operated independently.
The company's name is an abbreviation of Next eXPerience.
Originally spun off from Philips in 2006, NXP completed its initial public offering, on August 6, 2010, with shares trading on Nasdaq under the ticker symbol "NXPI". On December 23, 2013, NXP Semiconductors was added to the Nasdaq-100 index. In 2021, it was added to the S&P 500 stock index.
NXP is the co-inventor of near field communication (NFC) technology along with Sony and Inside Secure and supplies NFC chip sets that enable mobile phones to be used to pay for goods, and store and exchange data securely. NXP manufactures chips for eGovernment applications such as electronic passports; RFID tags and labels; and transport and access management, with the chip set and contactless card for MIFARE used by many major public transit systems worldwide. In order to protect against potential hackers, NXP offers gateways to automotive manufacturers that prevent communication with every network within a car independently. NXP customers include Apple, Dell, Ericsson and Samsung.
In 1953 Philips started a small scale production facility in the center of the Dutch city Nijmegen as part of its main industry group "Icoma" (Industrial Components and Materials), followed by the opening of a new factory in 1955.[citation needed] In 1965 Icoma became part of a new Philips main industry group "Elcoma" (Electronic Components and Materials).
In 1975 Silicon Valley–based Signetics was acquired by Philips. Signetics claimed to be the "first company in the world established expressly to make and sell integrated circuits" and inventor of the 555 timer IC. At the time, it was claimed that with the Signetics acquisition, Philips was now number two in the league table of semiconductor manufacturers in the world.
In 1987, Philips was ranked Europe's largest semiconductor maker. The year after, all Philips semiconductor subsidiaries, including Signetics, Faselec (in Switzerland) and Mullard (in the UK), were merged in the newly formed product division Components. The semiconductor activities were split off from Components in 1991 under the name Philips Semiconductors.
In June 1999, Philips acquired VLSI Technology, at the time making Philips the world's sixth largest semiconductor company.