NXP Semiconductors

NXP Semiconductors N.V. (Next eXPerience) is a Dutch semiconductor manufacturer and designer headquartered in Eindhoven, Netherlands. The company supplies automotive, industrial, secure connectivity, and processing semiconductors to customers including Apple, Dell, Ericsson, and Samsung. It employs approximately 34,000 people in more than 30 countries and reported revenues of $12.61 billion in 2024. As of 2024, it is the second-largest European semiconductor firm by market capitalization. NXP's origins date back to the 1950s as part of Philips, which became the largest semiconductor manufacturer in Europe in 1987. Philips Semiconductors was spun off in 2006 via a private equity consortium, adopting the NXP name and completing an IPO on Nasdaq (ticker: NXPI) in 2010. NXP co-invented near field communication (NFC) technology. In December 2013, NXP was added to the S&P 500 index. In 2015, the company merged with Freescale Semiconductor, significantly expanding its scale and automotive chip portfolio. Since then, NXP has refocused its product line, divesting its RF power business in 2020 and acquiring Marvell's Wi-Fi and Bluetooth connectivity business in 2021.