Panasonic Recognizes NXP as “Best Partner” for Car Infotainment Innovation

NXP single-chip solution for global digital radio standards improves Panasonic’s system cost and simplifies development processes

Kazuhiro Tsuga (left), President of Panasonic Corporation, with Rick Clemmer (right), CEO of NXP Semiconductors

TOKYO, Nov. 15, 2015 (GLOBE NEWSWIRE) -- NXP Semiconductor N.V. (NASDAQ:NXPI), global technology leader in secure connected cars and car infotainment solutions, received the “Best Partner” award from Panasonic Corporation. The award recognizes the excellent customer support and innovation that NXP provides to advance and grow Panasonic’s car infotainment business. NXP is the first foreign semiconductor vendor that has received the “Best Partner” award from Panasonic. At Panasonic’s Excellent Partners Meeting held on November 6, Kazuhiro Tsuga, President of Panasonic Corporation, presented a trophy to Rick Clemmer, CEO of NXP Semiconductors, expressing his congratulations and recognition of this great achievement.

NXP’s SAF360x software-defined radio has enabled Panasonic to market the world’s first global infotainment platform that receives and processes the full range of digital radio broadcasting standards. NXP’s multi-standard hardware platform eliminates the need for its customers to spend valuable resources to develop distinct radio architectures for DAB in Europe, HD Radio in the US, T-DMB in Korea, or DRM in India. NXP’s solution is the industry benchmark for highest integration level and smallest footprint – combining dual channel processing with on-chip dual DAB front-end, memory and source decoding. According to Panasonic, this contributed to 66 percent system cost reduction and 30 percent improvement of the development process.

“We are extremely proud that we have contributed to Panasonic’s mission to improve people’s lives and to grow its car infotainment business,” stated Rick Clemmer, CEO of NXP Semiconductors. “The award from this highly respected global electronics specialist proves our focus on trusted customer partnerships and shows that we deliver on our brand promise to supply secure connections for a smarter world.”

Images

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/72ddfc62-b228-4879-92ed-15ca2c46b156

Image: Kazuhiro Tsuga (left), President of Panasonic Corporation, with Rick Clemmer (right), CEO of NXP Semiconductors

Links

Multi-standard digital radio: http://www.nxp.com/products/automotive/multi_standard_digital_radio/

About NXP Semiconductors

NXP Semiconductors N.V. (NASDAQ:NXPI) creates solutions that enable secure connections for a smarter world. Building on its expertise in High Performance Mixed Signal electronics, NXP is driving innovation in the automotive, identification and mobile industries, and in application areas including wireless infrastructure, lighting, healthcare, industrial, consumer tech and computing. NXP has operations in more than 25 countries, and posted revenue of $5.65 billion in 2014. Find out more at www.nxp.com.

Forward-looking statements 

This document includes forward-looking statements which include statements regarding NXP’s business strategy, financial condition, results of operations and market data, as well as other statements that are not historical facts. By their nature, forward-looking statements are subject to numerous factors, risks and uncertainties that could cause actual outcomes and results to be materially different from those projected. Readers are cautioned not to place undue reliance on these forward-looking statements. Except for any ongoing obligation to disclose material information as required by the United States federal securities laws, NXP does not have any intention or obligation to publicly update or revise any forward-looking statements after NXP distributes this document, whether to reflect any future events or circumstances or otherwise. For a discussion of potential risks and uncertainties, please refer to the risk factors listed in NXP’s SEC filings. Copies of NXP’s SEC filings are available from the SEC website, www.sec.gov.

The photo is also available at AP PhotoExpress.

Europe:Birgit Ahlborn+49 170 5746124Birgit.ahlborn@nxp.comGreater China / Asia:Esther Chang+886 2 8170 9990esther.chang@nxp.comAmericas:Hillary Cain+1 408 518 5227hillary.cain@nxp.com

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