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Electronics Production | April 20, 2010

NXP starts IPO process in USA

The Dutch computer chip manufacturer NXP has registered with SEC‚ÄĒthe US Securities and Exchange Commission‚ÄĒin a preliminary step towards a public offering.
NXP B.V. announced that its holding company, which will be converted into a public company and named NXP Semiconductors N.V., has filed a registration statement with the Securities and Exchange Commission in the United States for a potential initial public offering of its common stock, a statement reads.

The number of shares to be sold and the price range for the proposed offering have not yet been determined.

After several cost-cutting measures, the company‚ÄĒthe former chip-making arm of Philips‚ÄĒnow has about 27,000 employees worldwide and posted sales of USD 3.8 billion in 2009.
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January 11 2019 8:28 pm V11.10.27-1