NXP from shadow parent company Philips – Telegraaf.nl

NXP from shadow parent company Philips – Telegraaf.nl

AMSTERDAM –

With the acquisition by NXP Semiconductors from the American Freescale, against $ 12 billion put this former Philips daughter a huge step in his growth as a supplier to the semiconductor industry with customers such as Apple and Samsung

Frans van Houten, Philips child: Emotional hit by decision. Photo: Matty Wijnbergen

Richard Clemmer, NXP brought to great heights Photo:. NXP

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With the acquisition pulls NXP Eindhoven a major competitor from the market, at a time when other major players such as the British ARM seek new markets <. / p>

The Phantom of the Dutch NXP goes back to VLSI Technology, which was acquired by Philips in 1999. The electronics group from the south repelled the semiconductor late 2005, but retained a stake of around 20%. Philips sold the company at more than € 6.4 billion in private equity funds KKR, Bain, Silver Lake and AlpInvest.

Frans van Houten starts

The Philips loot from the south, where the current Philips CEO Frans van Houten began in 2006, now has more than 23,000 employees at $ 4.6 billion in sales in 2013. It performs in many ways better than the former parent company.

But, moved in 2006 it threatened even to the brink of collapse and bankruptcy because of the billion debt. With help from the private equity is remediated drastically, in a round disappear even vijftduizend employees. Of the top 150 managers of the time, there are now 140 (often forced) left.

Replace chip expert

Frans van Houten in December 2009 by the private equity owners replaced without much verbiage. Under the new CEO Rick Clemmer – he comes from Agere Systems, the former chip division of Lucent and previously worked at Texas Instruments – the mountain of debt quickly phased out from 2009 and also the group also renewed

Photo: APA

NXP announced to stop chips for mobile telephony. Company focused, with competition from Asia in the neck, making chips for automotive, mobile devices and identification, such as passports and business cards.

Leader in chips

In all these submarkets PSV are now or a great player or the proven market leader. In 2010 the company moves to the Nasdaq beus on Wall Street, and thus gets out of sight of many Dutch investors.

NXP, then with a lot of parts in the US and Asia, making his name with NFC chip, the near field communication, which also is in the new iPhone 6. This allows owners with a simple ‘tap’ contactless payments with their smartphones. Supermarkets in the US experimenting. But the chips are also in major German car brands.

Last year, the private equity owners put their exit through and spent their last harvest shares to the market. There NXP has made a new leap and landed only Dutch company in the NASDAQ-100, the top of the global technology

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