Positive operational cash flow in Q3
Q3 Highlights
Q3 sales USD 1,336M1 versus USD 1,644M in Q3 2007 and USD 1,524M in Q2 2008
Comparable YoY sales decrease of 4.2% and comparable QoQ sales increase of 1.0%
Q3 adjusted EBITDA (excluding effects of Purchase Price Accounting) USD 147M, compared to USD 310M in Q3 2007 and USD 114M [...]

NXP Semiconductors (formerly Philips Semiconductors) today announced the latest milestone of its environmentally conscious design process by announcing it has sold 250 million fluorescent lighting driver ICs. Fluorescent lamps are highly energy-efficient lighting solutions that save 80% energy compared with traditional incandescent light bulbs. Thanks to these fluorescent lamps, NXP has helped save 500 million [...]

IBC 2008
Stand 1.B21
Pace plc (LSE:PIC), the leading developer of digital TV technologies, will be demonstrating the first set-top box capable of receiving and displaying DVB-T2 HD content at IBC 2008.
Pace’s prototype consists of the world’s first DVB-T2 front-end (the silicon tuner TDA18211 and a prototype of the forthcoming demodulator TDA10055) from NXP Semiconductors and [...]

Restructuring Targets USD 550 M Annual Cost Savings
NXP Semiconductors (formerly Philips Semiconductors) today announced a redesign program that will bring NXP to a healthy financial situation and position the company for future growth. The changes come in response to a challenging economic environment, a weak US dollar, and the reduction in size of the [...]

Serge Hustin From ST Joins Board as New Director, Other Officers Continue Present Roles
-The Open SystemC Initiative (OSCI), an independent non-profit organization dedicated to defining and advancing SystemC™, today announced Ken Tallo as the elected Chairman, succeeding ST’s Alain Clouard. In addition, Serge Hustin of ST joined as a Director. No other changes were [...]

Company Now Focused on Providing Solutions for Imaging, Video, Audio, and Internet Connectivity Applications
Conexant Systems, Inc. (NASDAQ:CNXT) today announced that it has completed the sale of its Broadband Media Processing product lines to NXP Semiconductors. Conexant will receive approximately $110 million in cash and up to $35 million in an “earn-out” fee, contingent upon [...]

Deal Creates Unique Positioning to Drive Revolution in TV Viewing Experience
Following the announcement of April 29 this year, NXP Semiconductors, the independent semiconductor company founded by Philips, today confirmed the completion of the acquisition of the Broadband Media Processing (BMP) business of Conexant Systems, Inc., (NASDAQ:CNXT).
With this transaction, the first for its Home [...]

NXP Semiconductors, the independent semiconductor company founded by Philips, today announced that Theo Claasen, Executive Vice President responsible for Business Development, will retire from the company with effect from 1 August. At the same time the company announced that Hein van der Zeeuw, Executive Vice President, responsible for Operations, has decided to resign from his [...]

Smart Interface Supports Up to Four HDMI1.3a Inputs With 12-bit Deep Color for Vibrant Viewing Experience
NXP Semiconductors, the independent semiconductor company founded by Philips, today launched innovative HDMI1.3a smart switches – TDA9996. The switches boast built-in auto-adaptive equalizers for intelligently maintaining consistently high audio-visual quality over longer HDMI cables. They also offer 12-bit Deep [...]

LiPS Activities and Membership to Fold into LiMo Foundation
To support and to unify the growing momentum of Linux platforms in the global mobile market, the Linux Phone Standards (LiPS) Forum announced that its activities and membership will be folded into LiMo Foundation as of July, 2008. This pooling of efforts and resources reflects the [...]