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NXP Establishes Regional Headquarters to Enable 'Secure Connections for a Smarter World' in China

SHANGHAI, China, March 26, 2015 (GLOBE NEWSWIRE) -- NXP Semiconductors (Nasdaq:NXPI) today announced the establishment of NXP (China) Management Co., Ltd in Shanghai, converted from the original company, NXP Semiconductors (Shanghai) Co., Ltd. The company will be responsible for all of NXP Semiconductors current operations in China, and will have expanded responsibilities covering investment, strategy, capital operations and financial management, among other areas. The change in structure will allow NXP to better support, and provide a lasting contribution to, the development of the Chinese semiconductor market.

"The Chinese market is a vital part of our global development strategy," said NXP chief executive officer, Rick Clemmer. "We have a strong track record of long-term investment of global technology resources in China, and are devoted to enabling secure connections for the smarter world in this market. The establishment of NXP (China) Management Co., Ltd. further strengthens our commitment to the Chinese market and customers."

The Dutch Prime Minister, Mark Rutte, who is visiting China this week, said: "The Netherlands is one of China's top three trading partners in Europe. Bilateral co-operation exists across science and technology, agriculture, energy conservation and city planning. The establishment of NXP's regional headquarters in Shanghai reflects these growing links in science and technology, where there exists great scope for future development."

"The establishment of NXP (China) Management Co., Ltd., is a new milestone in NXP's market development in China," said NXP senior vice president and China CEO, Li Zheng. "With this new structure, we will be better placed to innovate through products, collaborate with Chinese enterprises, and respond to global competition. NXP will support the Chinese government in achieving the goals of national industrialization and innovation in the near future, and act as a model of inclusive growth partnerships in China."

About NXP Semiconductors

NXP Semiconductors N.V. (Nasdaq:NXPI) creates solutions that enable Secure Connections for a Smarter World. Building on its expertise in High Performance Mixed Signal electronics, NXP is driving innovation in the application areas Connected Car, Security, Portable & Wearable and Internet of Things. NXP has operations in more than 25 countries, and posted revenue of $5.65 billion in 2014. Find out more at nxp.com.

Forward-looking Statements

This document includes forward-looking statements which include statements regarding NXP's business strategy, financial condition, results of operations and market data, as well as other statements that 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. Readers are cautioned not to place undue reliance on these forward-looking statements. Except for any ongoing obligation to disclose material information as required by the United States federal securities laws, NXP does not have any intention or obligation to publicly update or revise any forward-looking statements after NXP distributes 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 NXP's SEC filings. Copies of NXP's SEC filings are available from the SEC website, www.sec.gov.

CONTACT: For more information, please contact: NXP Semiconductors N.V. Jannet Chen Tel: +86-21-2205 5883 Fax: +86-21-2205 2518 Email: jannet.chen@nxp.com Ogilvy Public Relations Sharon Tang Phone: +86-10-85206565 Fax: +86-10-85206600 Email: sharon.tang@ogilvy.com

Source:NXP Semiconductors