STMicroelectronics calls NXP’s 20% shareholding in ST-NXP Wireless

Eindhoven, The Netherlands, February 3, 2009 - NXP Semiconductors today announces that STMicroelectronics has purchased NXP's 20 percent stake in ST-NXP Wireless.

 

On August 20 of last year STMicroelectronics and Ericsson Mobile Platforms announced an agreement to merge Ericsson Mobile Platforms and ST-NXP Wireless into a 50/50 joint venture. STMicroelectronics indicated at that date that it expected to exercise its call option to buy NXP's 20 percent of ST-NXP Wireless before the closing of this transaction.

 

The agreed purchase price is USD 92 million. This price is based on the performance of ST-NXP Wireless business in the last twelve months (sales and EBITDA). The transaction is effective as per February 2, 2009.

 

About NXP Semiconductors

NXP is a leading semiconductor company founded by Philips more than 50 years ago. Headquartered in Europe, the company has about 33,500 employees working in more than 20 countries and posted sales of USD 6.3 billion (including the Mobile & Personal business) in 2007. NXP creates semiconductors, system solutions and software that deliver better sensory experiences in TVs, set-top boxes, identification applications, mobile phones, cars and a wide range of other electronic devices. News from NXP is located at www.nxp.com.