NXP Appoints Jeff Palmer as Vice President, Investor Relations

Mon Jan 17, 2011 8:00am EST

* Reuters is not responsible for the content in this press release.

  EINDHOVEN, THE NETHERLANDS, Jan 17 (MARKET WIRE) -- 
NXP Semiconductors N.V. (NASDAQ: NXPI) today announced the appointment of
Jeff Palmer as Vice President, Investor Relations, reporting directly to
Karl-Henrik Sundstroem, Executive Vice President and Chief Financial
Officer. Palmer joins NXP having worked in the semiconductor and
financial industry for over 25 years, most recently serving as Vice
President, Investor Relations for Marvell Technology Group.

    Jeff has held a variety of senior roles including Equity Analyst,
Director of Sales and Senior Product Engineer at companies such as
Friedman Billings Ramsey, Altera Corporation and Viewlogic Systems. At
NXP, Palmer will be responsible for managing the company's relationships
with the global investment community.

    "We are delighted to have someone of Jeff's caliber join us and
strengthen our team," said Karl-Henrik Sundstroem, EVP and CFO, NXP
Semiconductors. "Jeff brings a wealth of relevant experience to the role
from his time as a product engineer, sales executive and equity analyst,
which will prove invaluable in working with the investment community."

    About NXP Semiconductors 
 NXP Semiconductors N.V. (NASDAQ: NXPI)
provides High Performance Mixed Signal and Standard Product solutions
that leverage its leading RF, Analog, Power Management, Interface,
Security and Digital Processing expertise. These innovations are used in
a wide range of automotive, identification, wireless infrastructure,
lighting, industrial, mobile, consumer and computing applications.
Headquartered in Europe, the company has approximately 28,000 employees
working in more than 25 countries and posted revenue of US$ 3.8 billion
in 2009. For more information visit www.nxp.com.

    Forward-looking Statements 
 This document includes forward-looking
statements which include statements regarding our business strategy,
financial condition, results of operations, and market data, as well as
any other statements which are not historical facts. By their nature,
forward-looking statements are subject to numerous factors, risks and
uncertainties that could cause actual outcomes and results to be
materially different from those projected. These factors, risks and
uncertainties include the following: market demand and semiconductor
industry conditions, our ability to successfully introduce new
technologies and products, the demand for the goods into which our
products are incorporated, our ability to generate sufficient cash, raise
sufficient capital or refinance our debt at or before maturity to meet
both our debt service and research and development and capital investment
requirements, our ability to accurately estimate demand and match our
production capacity accordingly or obtain supplies from third-party
producers, our access to production from third-party outsourcing
partners, and any events that might affect their business or our
relationship with them, our ability to secure adequate and timely supply
of equipment and materials from suppliers, our ability to avoid
operational problems and product defects and, if such issues were to
arise, to rectify them quickly, our ability to form strategic
partnerships and joint ventures and successfully cooperate with our
alliance partners, our ability to win competitive bid selection processes
to develop products for use in our customers' equipment and products, our
ability to successfully establish a brand identity, our ability to
successfully hire and retain key management and senior product
architects; and, our ability to maintain good relationships with our
suppliers. In addition, this document contains information concerning the
semiconductor industry and our business segments generally, which is
forward-looking in nature and is based on a variety of assumptions
regarding the ways in which the semiconductor industry, our market
segments and product areas will develop. We have based these assumptions
on information currently available to us, if any one or more of these
assumptions turn out to be incorrect, actual market results may differ
from those predicted. While we do not know what impact any such
differences may have on our business, if there are such differences, our
future results of operations and financial condition, and the market
price of the notes, could be materially adversely affected. Readers are
cautioned not to place undue reliance on these forward-looking
statements, which speak to results only as of the date the statements
were made; and, except for any ongoing obligation to disclose material
information as required by the United States federal securities laws, we
do not have any intention or obligation to publicly update or revise any
forward-looking statements after we distribute this document, whether to
reflect any future events or circumstances or otherwise. For a discussion
of potential risks and uncertainties, please refer to the risk factors
listed in our SEC filings. Copies of our filings are available from our
Investor Relations department or from the SEC website, www.sec.gov. 

    

Media and Investor Relations contacts:
Media:
Lieke de Jong-Tops
lieke.de.jong-tops@nxp.com
+31 40 27 25202

Investors
Albert Hollema
+31 40 272 5610
albert.hollema@nxp.com 

Copyright 2011, Market Wire, All rights reserved.

-0-