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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—the US Securities and Exchange Commission—in 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—the former chip-making arm of Philips—now has about 27,000 employees worldwide and posted sales of USD 3.8 billion in 2009.
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June 25 2019 8:13 pm V13.3.22-1