Product category: Microprocessors, Microcontrollers and DSPs
News Release from: NXP Semiconductors
Edited by the Electronicstalk Editorial Team on 01 September 2006
New name for Philips Semiconductors
Philips Semiconductors has become NXP, marking a milestone in its 53 year history as it becomes independent from Royal Philips.
Philips Semiconductors has become NXP, marking a milestone in its 53 year history as it becomes independent from Royal Philips The name change announcement follows an agreement between Royal Philips and Kohlberg Kravis Roberts (KKR), Bain Capital, Silver Lake Partners, Apax and AlpInvest Partners that will see the consortium take an 80.1% stake in the semiconductor operation with Philips retaining a 19.9% interest
This article was originally published on Electronicstalk on 5 Sep 2006 at 8.00am (UK)
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