NXP Semiconductors provides high-performance mixed-signal and standard product solutions with advanced RF, analog, power management, interface, security and digital processing expertise. These innovative products and solutions can be used in a wide range of applications such as automotive, smart identification, wireless infrastructure, lighting, industrial, mobile, consumer and computing. Headquartered in Europe, the company has 28,000 employees in more than 25 countries around the world, and in 2009 the company‘s turnover reached 3.8 billion US dollars.

NXP Semiconductors was founded in 2006, and its predecessor was the semiconductor business unit established by Philips of the Netherlands in 1953.

In 2006, the business unit was spun off from Philips and formally established NXP Semiconductors. The name NXP comes from "new experience" and also retains the genes of Philips, emphasizing that NXP has accumulated precious experience and rich resources in the past 53 years in Philips.

When NXP became independent, CEO Richard Clemmer and the management team established the company‘s strategy to develop and profitably develop a market-leading and highly differentiated business. In 2015, NXP merged with Freescale, another advanced semiconductor company, to further expand its business in the Internet of Things and automotive fields, and focus on the development of safe and secure edge computing, connectivity technology and efficient power management solutions. It has established market leadership in key areas such as ADAS, next-generation electric vehicles, and secure connectivity across IoT, mobile and automotive ecosystems.

In March 2020, NXP‘s board of directors unanimously nominated Kurt Sievers, 50, to the position of president and executive officer, who will succeed Richard (Rick) Clemmer, who has led NXP since 2009. The company‘s board of directors will propose the appointment at the company‘s annual general meeting on May 27, 2020. To ensure a smooth transition, Mr. Ke Leiming will continue to serve as a strategic advisor to NXP.

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