Eindhoven, The Netherlands – April 23, 2007 - NXP B.V. (“NXP”) today announced that it has filed a registration statement on Form F-4 with the United States Securities and Exchange Commission (SEC) relating to exchange offers for any and all of NXP’s outstanding senior secured and senior notes that were issued in a private placement on October 12, 2006. If consummated, these exchange offers would enable investors who validly tender their restricted notes to exchange such notes for identical notes that have been registered under the United States Securities Act. The contemplated offering remains subject to a number of conditions, and will not be launched until the registration statement has been declared effective by the SEC.

NXP will not receive any cash proceeds from any issuance of exchange notes pursuant to the exchange offers. The outstanding notes surrendered in exchange for the exchange notes will be cancelled.

A registration statement relating to the exchange notes has been filed with the SEC but has not yet become effective. These securities may not be sold nor may offers to purchase be accepted prior to the time that the registration statement becomes effective.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

Contact:

Investors:
Jan Maarten Ingen Housz, +31 40 27 22315
janmaarten.ingen.housz@nxp.com

Media:
Heather Drake, +31 40 27 25176
heather.drake@nxp.com

A written prospectus relating to the exchange offer, when available, may be obtained by existing noteholders from:
Jan Maarten Ingen Housz
NXP B.V.
60 HTC 5656AG
Eindhoven, The Netherlands
 +31 40 27 22315
janmaarten.ingen.housz@nxp.com
 

About NXP

NXP is a top 10 semiconductor company founded by Philips more than 50 years ago. Headquartered in Europe, the company has 37,000 employees working in 26 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 www.nxp.com.