Eindhoven, The Netherlands, January 17, 2011 – NXP Semiconductors N.V. (Nasdaq: NXPI) today announced the appointment of Jeff Palmer as Vice President, Investor Relations, reporting directly to Karl-Henrik Sundström, Executive Vice President and Chief Financial Officer. Palmer joins NXP having worked in the semiconductor and financial industry for over 25 years, most recently serving as Vice President, Investor Relations for Marvell Technology Group.

Jeff has held a variety of senior roles including Equity Analyst, Director of Sales and Senior Product Engineer at companies such as Friedman Billings Ramsey, Altera Corporation and Viewlogic Systems. At NXP, Palmer will be responsible for managing the company’s relationships with the global investment community.

“We are delighted to have someone of Jeff’s caliber join us and strengthen our team,” said Karl-Henrik Sundström, EVP and CFO, NXP Semiconductors. “Jeff brings a wealth of relevant experience to the role from his time as a product engineer, sales executive and equity analyst, which will prove invaluable in working with the investment community.”

About NXP Semiconductors

NXP Semiconductors N.V. (Nasdaq: NXPI) provides High Performance Mixed Signal and Standard Product solutions that leverage its leading RF, Analog, Power Management, Interface, Security and Digital Processing expertise. These innovations are used in a wide range of automotive, identification, wireless infrastructure, lighting, industrial, mobile, consumer and computing applications. Headquartered in Europe, the company has approximately 28,000 employees working in more than 25 countries and posted revenue of US$ 3.8 billion in 2009. For more information visit www.nxp.com.