(for '''Next eXPerience''') '''Semiconductors''' is the name for the new
Semiconductor company founded by
Philips as announced by its CEO
Frans Van Houten to its customers and employees in
Berlin on Thursday night
2006 -
08-31 and to the global media early on Friday morning
2006 -
09-01 .
- In December 2005 , Philips announced its intention to make its into a separate Legal Entity . This process of "disentanglement" was scheduled to be completed on 2006 - 10-01 .
- 2006 - 08-21 , Bain Capital and Apax Partners announced that they had signed definitive commitments to join the expanded consortium headed by KKR that is to acquire the controlling stake in the new company.
- 2006 - 10-01 , NXP became a separate legal entity.
- 2007 - 01-16 , NXP announced that it would not renew its Crolles2 Alliance contract thus bringing to a conclusion the existing alliance at the end of 2007.
After being separated from
Philips , the new company NXP has these focus markets:
- Mobile and personal communication
- Multimarket semiconductors
