News from NXP

NXP Semiconductors Appoints Sir Peter Bonfield as Chairman of Supervisory Board

New Chairman brings forty years of technology experience to NXP

NXP Semiconductors has announced that Sir Peter Bonfield, formerly CEO of BT Plc and Chairman and CEO of ICL plc (now Fujitsu Services) has been appointed as Chairman of its supervisory board.

In accordance with Dutch corporate law, NXP has a two-tier board structure, comprising a board of management and a supervisory board. Frans van Houten is CEO and Chairman of the board of management, Sir Peter takes on the role of Chairman of the supervisory board.

"We are delighted that someone of Sir Peter's experience and status will join our supervisory board as Chairman. This appointment demonstrates our commitment to good corporate governance in our newly independent organization, as well as our determination to build the leadership for NXP to enable us to reach our business goals." commented Frans van Houten. "We welcome Sir Peter to our organization, and we look forward to his objective advice and to benefiting from his extraordinary forty year track record in the IT and telecommunications industry."

Sir Peter Bonfield served as CEO and Chairman of the Executive Committee for British Telecommunications plc from 1996 to 2002 and prior to that was Chairman and CEO of ICL plc - now Fujitsu Services. Sir Peter also worked directly in the semiconductor industry during his sixteen year tenure as a divisional director at Texas Instruments Inc, for whom he held a variety of senior management positions around the world. Sir Peter currently holds non-executive directorships at AstraZeneca Plc, LM Ericsson, TSMC, Mentor Graphics and Sony. He was knighted in 1996 for his services to industry. He is a Fellow of the prestigious Royal Academy of Engineering in London.

"I'm pleased to have the opportunity to work with the NXP management team, chairing the Supervisory Board. It's an exciting time in the semiconductor industry and I believe NXP's strategy establishes a firm foundation to strengthen and grow the business in the coming years," stated Sir Peter Bonfield.

NXP's supervisory board consists of Sir Peter Bonfield (Chair), Johannes Huth, Adam Clammer, Michel Plantevin, Ian Loring, Egon Durban, Christian Reitberger and Eric Coutinho.

About NXP:

NXP is a top 10 semiconductor company founded by Philips more than 50 years ago. Headquartered in the Netherlands, the company has 37,000 employees working in 20 countries across the world. NXP creates semiconductors, system solutions and software that deliver better sensory experiences in mobile phones, personal media players, TVs, set-top boxes, identification applications, cars and a wide range of other electronic devices. News from NXP is located at www.NXP.com.