NXP Semiconductors Redeems $750 Million in Senior Notes

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announced the redemption of its $750 million outstanding 3.875% senior notes due June 2026. This action reflects NXP's commitment to an effective capital allocation strategy, as stated by Bill Betz, NXP's Chief Financial Officer. The redemption was executed in accordance with the terms of the applicable indenture covering the notes.

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About NXP Semiconductors N.V.

NXP Semiconductors N.V. is a leading global semiconductor manufacturer specializing in the development of advanced chip technology. The company's primary purpose is to design and supply high-performance mixed-signal electronics solutions that enable secure connections for a wide range of applications. These applications span various industries, including automotive, industrial, mobile, and communication infrastructure. NXP plays a crucial role in the automotive sector, providing solutions for in-vehicle networking, secure car access, and connected infotainment systems. Additionally, its expertise in providing secure identification solutions positions it as a significant player in the growing Internet of Things (IoT) market, with products that facilitate smart home devices and industrial automation. Founded in 2006 and headquartered in Eindhoven, Netherlands, NXP has established itself as a pivotal entity within the semiconductor market, consistently contributing to advancements in digital communications and smart city infrastructure. Through its innovative solutions, NXP supports the technological evolution of key industries, thereby maintaining its significance and influence in the global semiconductor landscape.