Eindhoven, Netherlands, June 19, 2007 - NXP Semiconductors, the independent company founded by Philips, today announced the closing of its exchange offers for its outstanding senior secured and senior notes. The offers, which expired on June 14, 2007, permitted holders of NXP’s existing restricted notes to exchange those securities for identical notes that have been registered under the United States Securities Act of 1933.

The following aggregate principal amounts of outstanding notes were tendered to the exchange offers. These notes have been cancelled and new registered notes issued in the same principal amounts. Numbers in parentheses indicate the percentage of the original aggregate principal amounts tendered to the exchange.

• EUR Floating Rate Notes due 2013: €979,508,000 (97.95%)
• USD Floating Rate Notes due 2013: $1,531,145,000 (99.75%)
• USD 7.875% Senior Secured Notes due 2014: $1,025,770,000 (99.98%)
• EUR 8.625% Senior Notes due 2015: €511,438,000 (97.42%)
• USD 9.500% Senior Notes due 2015: $1,249,750,000 (99.98%)

This press release does not constitute an offer to sell or the solicitation of an offer to buy any notes or any other security and shall not constitute an offer, solicitation or sale in any jurisdiction in which, or to any persons to whom, such offering, solicitation or sale would be unlawful.

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.