Eindhoven, the Netherlands, Aug 16, 2007 – NXP Semiconductors the independent semiconductor company founded by Philips, today announced that Christos Lagomichos has been appointed Executive Vice President and General Manager of Business Unit Home effective September 1. The Home business unit creates semiconductors and system solutions for digital consumer electronics applications like TVs and Set-Top Boxes.

“Christos’ appointment demonstrates that we are committed to bringing the best talent from the industry into leadership positions at NXP. His track record in generating results and his passion for success, in combination with our strong technology position, will prove very successful and I am convinced we will see rapid improvement in our results in the home electronics semiconductor market”, said Frans van Houten, President and Chief Executive Officer, NXP Semiconductors.

“It is a privilege to join a company as dynamic as NXP. The key ingredients for success are already in place: a strong heritage in television, audio visual systems expertise, a dedicated team of people and access to a strong customer base. With convergence taking place in the consumer media applications, NXP is well placed to drive the semiconductor integration. I would like to see NXP become the leader,” commented Lagomichos.

Christos Lagomichos joins NXP from STMicroelectronics, where he was Corporate Vice President and General Manager of ST’s Home Entertainment & Displays Group. He has over 20 years experience in the semiconductor industry, initially as a design engineer with Siemens Neuperlach. Originally from Greece, Christos has lived and worked in the US and across Europe, having graduated from the Technical University of Munich in 1981 with a degree in electronic engineering.

Christos will join the Executive Management Team of NXP and report directly to Frans van Houten. He takes over from Marc de Jong, who was managing Business Unit Home on an ad interim basis and who remains in his position as Executive VP - General Manager of the Automotive and Identification Business Unit.

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.