NXP boosts Singapore presence to strengthen Asian footprint
By Digital News Asia September 30, 2013
- Singapore to act as global Hq for ops and Asean Hq for sales and marketing; R&D lab to expand
- NXP to boost investments in Singapore R&D by S$20 million, on top of S$40 million spent over last 5yrs
EINDHOVEN, The Netherlands-based NXP Semiconductors NV said it has strengthened its presence in Asia by establishing Singapore as its global headquarters for standard products and operations, and Asean headquarters for sales and marketing.
This move brings NXP closer to its growing number of Asian customers, and establishes a base for further growth in the region, the company said in a statement.
NXP has operations in more than 25 countries, and posted revenue of US$4.36 billion in 2012. The former division of Philips was established in 2006.
“Our customers are our first priority, and with a majority based in Asia, this move will facilitate closer collaboration with them and help us to better understand their challenges and priorities,” said president and chief executive officer Rick Clemmer (pic).
“From an innovation point of view, Asia is currently experiencing unprecedented growth in the design and manufacturing of semiconductor solutions, and with key business unit headquarters in Singapore, we have the ability to develop new relationships with technology partners that can benefit NXP on a global level,” he added.
NXP’s Singapore based corporate research and development lab, which opened in May 2012, will also be expanding. Developing next-generation technologies, including security chips used in biometric passports and automotive sensors that can potentially enable self-driving vehicles, this is NXP’s second corporate R&D lab, with the first being located in the Netherlands itself.
Further demonstrating its confidence in Singapore as a stable and flourishing environment for operations and innovation, NXP will increase its investments by S$20 million in R&D on top of the S$40 million spent over the last five years, and make a S$125 million capex (capital expenditure) investment over the coming years to upgrade the manufacturing capabilities for new technologies developed at Systems on Silicon Manufacturing Company Pte Ltd (SSMC).
SSMC is a joint venture between NXP and Taiwan Semiconductor Manufacturing Company Ltd that offers flexible and cost effective semiconductor fabrication solutions.
This investment will help SSMC scale up the technical know-how of the current team and will allow them to work on cutting-edge manufacturing processes, NXP claimed.
“We are pleased that NXP is growing its presence here,” said Leo Yip, chairman of the Singapore Economic Development Board (EDB).
“NXP’s expansion is a good example of how companies seeking to build closer partnership with their customers can use Singapore as a location from which to innovate and manufacture advanced semiconductor solutions.
“The upgrading of SSMC not only enhances NXP’s global competitiveness but also strengthens Singapore’s semiconductor manufacturing ecosystem, supporting the continued growth of the industry here,” Yip said.
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