NXP Semiconductors is a
Dutch semiconductor manufacturer. It is one of the worldwide top 20
semiconductor sales leaders and was founded in 1953, when the
Philips Board started a semiconductor operation with manufacturing and development in
Nijmegen,
Netherlands. 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. On December 23, 2013, NXP Semiconductors was added to the
NASDAQ 100.