NXP Semiconductors N.V. announced Wednesday (February 7) the completed divestiture of its “Standard Products” business to a consortium of financial investors consisting of Beijing Jianguang Asset Management Co., Ltd (JAC Capital) and Wise Road Capital LTD (Wise Road Capital). NXP’s former semi-conductor division with annual turnover of more than USD 1.1 billion (2016) is now owned by Nexperia headquartered in Nijmegen in the Netherlands. Nexperia employs around 11,000 staff in Asia, Europe and the U.S. Nexperia operates two wafer factories in Hamburg and Manchester as well as three final product processing plants in Guangdong, China, Seremban, Malaysia and Cabuyao, Philippines.
75 billion components in Hamburg
Frans Scheper is to become CEO of Nexperia and will remain Executive Vice President and General Manager of NXP’s semi-conductor division in the meantime. Erik Just-Wartiainen (CFO) and Achim Kempe, Head of Nexperia Germany GmbH in Hamburg and General Manager of one of Nexperia’s three business sectors will also join management. Both were formerly in similar positions at NXP ’s semi-conductor division.
Nexperia seeks to expand its leading role in the market for semi-conductors. The company produces 75 billion of 85 billion components annually in Hamburg where it employs 922 staff. Nexperia will focus mainly on energy efficiency, circuit protection for electro magnetic influences, overvoltage and miniaturization. The company’s extensive portfolio meets the stringent standards set by the automotive industry. Its semi-conductors are used in smart phones, industry electronics, communication infrastructure, consumer electronics and computers.
Focus on core skills
Kempe noted: “Hamburg is and remains one of our most important locations. Nexperia will continue production here and at all existing plants as before. That means we are ensuring the unchanged, continued existence of our supply chains and reliable procedures. The prospects for development in future will be even better in Germany and all over the world as we can now align our activities more targetedly and resolutely to our core skills.”
Sources and further information:
Interview with Rüdiger Stroh, Executive Vice President of NXP