Eindhoven, the Netherlands, 22 March 2007 - NXP Semiconductors, the independent semiconductor company founded by Philips, today announced a restructuring of its back-end manufacturing operations in Cabuyao, the Philippines. The company will move its system-in-package solutions (SiPS) production line from Cabuyao to Calamba and discontinue its power amplifier and front-end-module production. Approximately 200 employees will transfer to Calamba. At the same time, approximately 400 full-time employee positions will be lost, along with a number of contractual positions. These changes will not impact the other NXP activities currently undertaken at Cabuyao.
“Continuity for customers is assured,” stated Ajit Manocha, chief manufacturing officer, NXP Semiconductors. “We are confident these measures will ensure the competitiveness and long-term viability of our operations in the Philippines.”
Manocha continued: “We are transferring as many employees from the SiPs operation in Cabuyao to Calamba as possible, and replacing contractors with full-time employees. In cases where this is not possible, we will offer a social plan to those employees affected by the move.”
In total, approximately 5,700 people work for NXP in the Philippines, 3,050 of whom are stationed in Cabuyao.
About NXP Semiconductors
NXP is a top 10 semiconductor company founded by Philips more than 50 years ago. Headquartered in the Netherlands, the company has 37,000 employees working in 20 countries across the world. NXP creates semiconductors, system solutions and software that deliver better sensory experiences in mobile phones, personal media players, TVs, set-top boxes, identification applications, cars and a wide range of other electronic devices. News from NXP is located at http://www.nxp.com/.
Forward-looking Statements
This release may contain certain forward-looking statements with respect to the financial condition, results of operations and business of NXP and certain plans and objectives of NXP with respect to these items. By their nature, forward-looking statements involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future and there are many factors that could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements.
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