SOURCE: NXP Semiconductors
BANGKOK, THAILAND--(Marketwire - Sep 20, 2012) - NXP Semiconductors N.V. (NASDAQ: NXPI) has announced the winners of its second annual Supplier Awards at the company's Supplier Day in Bangkok, Thailand. The event featured companies from across NXP's global supply base. Senior executives from 61 of NXP's key suppliers were in attendance representing all spend areas including Materials, Equipment, External Manufacturing, IT, Innovation and Indirect. The event was hosted by Rick Clemmer, NXP's president & chief executive officer, plus members of the NXP Executive management team.
"Within the global and highly competitive semiconductor market, NXP believes that a close relationship and alignment with our supply chain partners is a critical differentiator in our success. We rely on our partners to help enable NXP to deliver superior quality, high volume and on-time solutions, which allow us to meet the increasingly stringent requirements of our customers. We use the 'Supplier Day' and 'Supplier Awards' to maintain alignment, recognize the critical role and celebrate the contributions that our supply chain partners make toward the long-term success of NXP," said Rick Clemmer, president and CEO, NXP Semiconductors.
In recognition of superior performance, NXP presented awards to suppliers across seven different award categories:
- Most Improved Suppliers:
- Lam Research, front-end equipment
- Tak Cheong Electronics (Holdings) Co. Ltd, back-end external manufacturing
- Best Supplier - Back-End Materials: Mitsui High Tec, leadframes
- Best Supplier - Growth Contribution: Taiwan Semiconductor Manufacturing Company Ltd, foundry external manufacturing
- Best Supplier - Indirect Materials and Services: Hays, recruitment/time hire services
- Best Supplier - Quality: Samsung Techwin, leadframes
- Best Supplier - Technology: ARM, technology partner for embedded processors
- Best Supplier - Valued Partnership: Soitec, SOI (Silicon On Insulator) package solutions
"At our first supplier day in September 2011, we reiterated our focus on global leverage, cost excellence and operational excellence. Over the past year, working with our suppliers, we have made significant progress in key programs such as supplier performance management, risk management, contract coverage and supplier quality management. We thank them sincerely for their hard work and look forward to further strengthening our joint efforts in line with NXP key expectations as outlined in today's event," said Jacky McNulty-Ehemann, senior vice president and chief procurement officer, NXP Semiconductors.
NXP senior executives also spoke at the event about the company's core business strategies and innovation roadmaps in High Performance Mixed Signal and Standard Products, and delivered key insights into end customer markets. They reiterated the need for strong collaboration with our supply base focusing on maximizing value contribution, cost competitiveness, uncompromising quality and adopting best-in-class practices for operational excellence.
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 revenue of $4.2 billion in 2011. Additional information can be found by visiting www.nxp.com.
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 any other statements which 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. These factors, risks and uncertainties include the following: market demand and semiconductor industry conditions; the ability to successfully introduce new technologies and products; the end-market demand for the goods into which NXP's products are incorporated; the ability to generate sufficient cash, raise sufficient capital or refinance corporate debt at or before maturity; the ability to meet the combination of corporate debt service, research and development and capital investment requirements; the ability to accurately estimate demand and match manufacturing production capacity accordingly or obtain supplies from third-party producers; the access to production capacity from third-party outsourcing partners; any events that might affect third-party business partners or NXP's relationship with them; the ability to secure adequate and timely supply of equipment and materials from suppliers; the ability to avoid operational problems and product defects and, if such issues were to arise, to correct them quickly; the ability to form strategic partnerships and joint ventures and to successfully cooperate with alliance partners; the ability to win competitive bid selection processes to develop products for use in customers' equipment and products; the ability to successfully establish a brand identity; the ability to successfully hire and retain key management and senior product architects; and, the ability to maintain good relationships with our suppliers. In addition, this document contains information concerning the semiconductor industry and NXP's business segments generally, which is forward-looking in nature and is based on a variety of assumptions regarding the ways in which the semiconductor industry, NXP's market segments and product areas may develop. NXP has based these assumptions on information currently available, if any one or more of these assumptions turn out to be incorrect, actual market results may differ from those predicted. While NXP does not know what impact any such differences may have on its business, if there are such differences, its future results of operations and its financial condition could be materially adversely affected. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak to results only as of the date the statements were made. 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 we distribute 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 our SEC filings. Copies of our SEC filings are available from on our Investor Relations website, www.nxp.com/investor or from the SEC website, www.sec.gov.