NXP Semiconductors

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.