EINDHOVEN, NETHERLANDS — (Marketwire) — 09/01/11 — NXP Semiconductors N.V. (NASDAQ: NXPI) presented its first-ever Best Supplier Awards at the company-s Supplier Day on September 1, 2011. The event drew participation from NXP-s global supply base with over 90 suppliers across 17 countries represented. Suppliers from equipment, materials, external manufacturing and indirect spend areas participated in the event, which was hosted by NXP-s chief executive officer and members of the NXP management team.
“By implementing our global Supplier Day and Awards, we are striving to strengthen relationships with key leading suppliers who are committed to jointly delivering maximum value to our customers through constant value improvement and cost leadership,” said Rick Clemmer, president and CEO, NXP Semiconductors.
To recognize outstanding contributions, NXP presented awards to its best performing suppliers across four different award categories:
Soitec SA, supplier of SOI wafers
: Tanaka Kikinzoku International, supplier of bonding wires
Tata Consultancy Services, provider of IT solutions and services
: Compugraphics International Ltd, provider of photo mask solutions
“The Supplier Day and Awards ceremony mark the importance of supplier relations as part of our company strategy and are a significant milestone for the company in fostering stronger supplier relationships. We would like to thank and congratulate the winners of NXP-s first supplier awards, and look forward to ongoing recognition of key suppliers, as we continue to build our Strategic Supplier Relationship Management activities with our global supply base,” said Jacky McNulty-Ehemann, senior vice president and chief procurement officer, NXP Semiconductors.
In addition to recognizing top performers over the past year, NXP senior executives used the event as a platform to align the company-s top suppliers with its core business strategies and innovation roadmaps in High Performance Mixed Signal and Standard Products, and deliver key insights into end customer markets. They emphasized the need for stronger collaboration built on global leverage, cost leadership to deliver the maximum value at lowest price, and institutionalization of best-in-class practices for operational excellence in quality and service.
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 .
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, or from the SEC website, .
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