SOURCE: NXP Semiconductors

NXP Semiconductors NXP Semiconductors

February 11, 2013 05:00 ET

NXP and Delphi Automotive Enter Strategic Collaboration Agreement

Agreement Strengthens and Extends Their Cooperation in Car Infotainment and Electronic Controls

EINDHOVEN, THE NETHERLANDS--(Marketwire - Feb 11, 2013) - NXP Semiconductors N.V. (NASDAQ: NXPI) today announced an agreement with Delphi Automotive PLC (NYSE: DLPH) that extends the two companies' long-term relationship in automotive electronics by making NXP one of Delphi's strategic core suppliers. This agreement encompasses a variety of automotive semiconductor applications including infotainment and networking solutions.

Delphi is a leading global supplier of electronics and technologies for automotive, commercial vehicle and other market segments. It operates major technical centers, manufacturing sites and customer support facilities in 30 countries.

Under this agreement, Delphi has selected NXP's SAF775x family, the industry's first single-chip RFCMOS multi-tuner car radio IC and NXP's AM/FM background tuner. Delphi continues to be at the forefront of using NXP's software-defined radio for digital reception, such as the SAF36xx family.

"Delphi's primary objective is to make automotive products smarter and safer as well as more powerful and efficient," said Troy Zerbe, vice president of Global Supply Management for Delphi's Electronics & Safety division. "This collaboration agreement serves to strengthen a long-standing strategic alignment between Delphi and NXP. More than 20 years of close cooperation have helped us to consistently deliver market-leading products in car Infotainment. Through this collaboration agreement, we can work to develop and manufacture electronics that are ever smarter, smaller, lighter and more efficient."

"This agreement marks a new milestone in our collaboration with Delphi, a leading supplier of global automotive electronics and technology," said Drue Freeman, senior vice president, global automotive sales and marketing at NXP Semiconductors. "The fact that Delphi has selected NXP as a core semiconductor supplier is a great honor and underscores the high level of innovation, quality, and support that we continue to deliver to the automotive industry in our efforts to enable the 'connected car.'"

About NXP Semiconductors
NXP Semiconductors N.V. (NASDAQ: NXPI) provides High Performance Mixed Signal and Standard Product solutions that leverage its leading RF, Analog, Power Management, Interface, Security and Digital Processing expertise. These innovations are used in a wide range of automotive, identification, wireless infrastructure, lighting, industrial, mobile, consumer and computing applications. A global semiconductor company with operations in more than 25 countries, NXP posted unaudited revenue of $4.36 billion in 2012. Additional information can be found by visiting www.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.