NXP Semiconductors N.V. (NASDAQ: NXPI) was formerly a division of Philips, which was founded in 1953. Offering 50 years of experience in semiconductors, the firm provides mixed-signal and standard-product solutions that leverage its RF, analog, power management, interface, security, and digital-processing expertise. Those solutions are used in a range of automotive, identification, wireless-infrastructure, lighting, industrial, mobile, consumer, and computing applications.
NXP spends over $550 million per year in research and development. With about 3200 employees in R&D, the company has approximately 11,000 issued and pending patents in over 4000 patent families. Engineering design teams can be found in 19 locations around the world. In addition to being one of the firms at the forefront of gallium nitride (GaN), NXP co-invented near-field communication (NFC).
Rick Clemmer, Executive Director, President, and Chief Executive Officer
Richard L. Clemmer (Rick) has been the Chief Executive Officer and President of NXP Semiconductors N.V. since January 1, 2009. Previously, Clemmer was a member of the supervisory board of NXP B.V. and a Senior Advisor of Kohlberg Kravis Roberts & Co. starting in December 2007. Prior to joining NXP, he drove the turnaround and re-emergence of Agere Systems, Inc.—a spin-out from Lucent Technologies, Inc. Clemmer also served as Chairman of u-Nav Microelectronics Corp. and spent five years at Quantum Corp., where he was Executive Vice President and Chief Financial Officer. In addition, he worked for Texas Instruments, Inc. as Senior Vice President and Semiconductor Group Chief Financial Officer. Clemmer currently serves on the board of NCR Corp.
Acquisitions: 2010: Jennic
Year company was formed: 2006