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Electronics Production | May 14, 2009

NXP signs final agreement for the Re-industrialization of its Cote de Nacre site

NXP has announced that a new company, named IPDIA, has been created to re-industrialize the company’s Cote de Nacre facility (near Caen in Northwest France).
IPDIA, who is supported by the French Ministry of Economy, Industry & Labor and local authorities, and from a capital investment of more than 5 million Euros raised by a consortium of investors including NXP, is purchasing some of the assets from the Cote de Nacre plant (IP, patents and equipment) and is hiring a portion of the staff.

“This agreement is a positive outcome which enables us to create jobs and maintain a unique know-how as well as an innovative technology in the Caen area,” declared Jean-Yves Muller, President and General Manager of NXP France. “This marks the first culmination of the r√©industrialisation efforts undertaken by NXP for its Cote de Nacre facility.‚Äô

The initial staff will consist of 90 people, the majority of which will be recruited among NXP’s laid-off employees. IPDIA will be launched in June this year.
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January 11 2019 8:28 pm V11.10.27-2