SOURCE: NXP Semiconductors

NXP Semiconductors

July 01, 2011 11:30 ET

NXP Receives Customer Value Enhancement Award From Frost & Sullivan

2011 North American Customer Value Enhancement Award Confirms NXP's Leading Position in the Identification Market

EINDHOVEN, NETHERLANDS--(Marketwire - Jul 1, 2011) - Today NXP Semiconductors N.V. (NASDAQ: NXPI) announced it has received the Frost & Sullivan 2011 North American Customer Value Enhancement Award. Each year, renowned growth partnership company Frost & Sullivan presents the award to a company which it believes demonstrates excellence in implementing strategies that create value for its customers.

NXP was chosen because of its leading position in the identification market. Frost & Sullivan specifically highlighted NXP's Tagging & Authentication RFID business because of its focus and understanding of the entire application, thereby ensuring best-in-class solutions and delivering value-added products and services to its customers.

"I was impressed by NXP's multi-application approach, by its comprehensive product portfolio and its innovative, market-developing focus," states Raman Monga, research manager, Frost & Sullivan. "Also, we recognized NXP's dedicated customer-oriented approach, demonstrated by local support teams around the world and operational excellence due to its own manufacturing capabilities."

The Tagging & Authentication division within NXP's identification business excels with value-added solution offerings and in-depth application knowledge of the retail apparel, electronics, fast moving consumer goods (FMCG), media management and animal identification markets. NXP's broad portfolio of leading-edge RFID products underlines its strong foothold in all frequencies ranging from LF (HITAG) to HF (ICODE) and UHF (UCODE). The comprehensive product portfolio offers increased security and data integrity, large memory and special features which are ideal for their target markets.

"Frost & Sullivan's Customer Value Enhancement Award points to the core of our strategy. Our comprehensive RFID product portfolio supports the growth in demand for multi-application solutions. No matter what our customers require, our solutions offer the highest possible levels of performance, without needing to compromise on protocol, security, design and data integrity or on just a single frequency," says Chris Feige, general manager of the Tagging & Authentication business at NXP Semiconductors.

In addition, in areas such as FMCG and machine-to-machine applications, NXP enhances even more customer value, not only by providing key products, but also by acting as an overall systems integrator offering end-to-end solutions for its customers.

NXP's continuous investment in production capacity expansion enables economies of scale benefits for all its customers, and ensures a reliable source of supply of leading-edge products for the growing demand in RFID-based Tagging & Authentication solutions.

Leadership in identification market expanded
The identification market consists of three segments: Secure Transactions including near field communication (NFC); Secure Identity -- the identification of people; and the Tagging & Authentication segment, focusing on the identification and authentication of objects. In each segment NXP has attained market leadership. It holds the No. 1 IC market position in NFC, Infrastructure, Transport, Access, Secure eGovernment Solutions and RFID Tags & Label Solutions, and the No. 2 IC market position in both payment products and eBanking solutions. In 2010 NXP's identification business achieved overall sales of US $589 million, making it the leading company within the identification market.

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 $4.4 billion in 2010. 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 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.