Caen, France, October 29, 2008 – NXP Semiconductors, a global leader in the development and fabrication of advanced semiconductor solutions, today announced it has retained ATREG, the semiconductor sales division of Colliers International, to sell its Integrated Passives Device business (IPD) and related operational 150mm semiconductor manufacturing facility located in Caen, France.
The offering involves a full array of proven patents and intellectual property (IP), the existing business and technology development team, and the research and development (R&D) excellence center. The IP and patents center around integrated passive device (passive integrated circuits) products that have direct applicability with cell phones, handheld devices, but also professional devices to bring performance, miniaturization, and IP protection as well as cost reduction.
“NXP is willing to sell its IPD business along with the manufacturing operations,” said Stephen Rothrock, Colliers senior vice president and managing director of ATREG. “NXP is already a leader in this growing multi-billion dollar market and a purchase of the business would allow a buyer to instantly gain a substantial foothold in the marketplace. The fab’s long history of manufacturing excellence and a highly experienced and motivated workforce make this a very attractive offering.”
“NXP selected Stephen Rothrock and Doug Barrett of ATREG to assist with the Caen offering as we have with our East Fishkill offering,” adds Jean-Yves Muller, vice president and general manager of NXP Semiconductors France. “We feel they are uniquely qualified to help us capitalize on the global interest we have experienced since our announcement. NXP realizes the unique value proposition of the Caen offering and what this business could provide in terms of long-term revenue to a purchaser.”
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A semiconductor sales division of Colliers International, ATREG specializes in helping companies restructure advanced technology assets. Co-directed by Stephen Rothrock and Doug Barrett, ATREG has represented some of the semiconductor industry’s top companies in transactions totalling over U.S.$2 billion. ATREG advises on the sale of operational semiconductor fabs, wafer supply agreements, process and product intellectual property (IP), complete tool lines, and fab infrastructure. For more information, please visit us online at www.atreg.com.
About NXP Semiconductors
NXP is a leading semiconductor company founded by Philips more than 50 years ago. Headquartered in Europe, the company has 31,000 employees working in more than 20 countries and posted sales of USD 6.3 billion (including the Mobile & Personal business) in 2007. NXP creates semiconductors, system solutions, and software that deliver better sensory experiences in TVs, set-top boxes, identification applications, mobile phones, cars, and a wide range of other electronic devices. For news from NXP, please visit us online at www.nxp.com.