CEO Clemmer carving out NXP 2.0 strategy
Junko Yoshida, EETimes
10/26/2012 11:42 AM EDT
NEW YORK – Rick Clemmer, who took the reins as CEO of debt-ridden NXP Semiconductors nearly four years ago, expects to complete the Dutch chip maker's transition to NXP 2.0 by the end of 2013.
The 2.0 version of NXP will improve its operating margins to 25 percent while growing at a rate 50 percent faster than the semiconductor industry average. All that, Clemmer declared, while continuing to reduce debt.
“We still need to do a few more tweaks, but we think we are well on our way to get there,” Clemmer (left) said in an interview here on Thursday (Oct. 25). While declining to elaborate on those “tweaks," he stressed that NXP boosted operating margins to 19.8 percent in the most recent quarter. “We reduced our net debt to $2.88 billion at the end of the third quarter. That used to be $6 billion."
To read the full article, click here
Related Semiconductor IP
- NFC wireless interface supporting ISO14443 A and B with EEPROM on SMIC 180nm
- DDR5 MRDIMM PHY and Controller
- RVA23, Multi-cluster, Hypervisor and Android
- CXL 3.0 Controller
- ECC7 Elliptic Curve Processor for Prime NIST Curves
Related News
- Xilinx CEO Outlines New Vision, Strategy for the Company
- Imagination's New CEO Plots Turnaround Strategy
- Intel CEO Pat Gelsinger Announces "IDM 2.0" Strategy for Manufacturing, Innovation and Product Leadership
- EU chip plan would cost €500bn, says NXP CEO
Latest News
- AIStorm and DB HiTek Debut SpectroMic™ KWS—an 18uA Always-on Keyword-Spotting Solution Enabling IoT AI Voice Interaction
- SignatureIP Unveils Industry-Leading CXL 3.2 Solution for High-Performance Computing
- Synopsys and Ansys Provide Update Regarding Expected Timing of Acquisition Close
- CAST Releases First Dual LZ4 and Snappy Lossless Data Compression IP Core
- Arteris Wins “AI Engineering Innovation Award” at the 2025 AI Breakthrough Awards