CAEN, France, October 29 /PRNewswire/ --
- NXP Semiconductors Selects ATREG as its Agent in the Sale of their IPD Business and 150mm Fab in France
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 in Caen, France.
The offering involves a full array of proven patents and IP, the existing business and technology development team and the RD 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 Integrated Passives Device business along with the manufacturing operations. 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, said Stephen Rothrock, Colliers Senior Vice President and Managing Director of ATREG. The fab's long history of manufacturing excellence and a highly experienced and motivated workforce make this a very attractive offering, asserts Rothrock.
Jean-Yves Muller, Vice President and General Manager NXP Semiconductors France, added, NXP selected Stephen Rothrock and Doug Barrett of ATREG to assist us with the Caen offering as we have with our East Fishkill offering. We feel they are uniquely qualified to help us capitalize on the global interest we have experienced since our announcement. Muller emphasized, 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.
About NXP Semiconductors
NXP is a leading semiconductor company founded by Philips more than 50 years ago. Headquartered in Europe, the company has about 33,500 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. News from NXP is located at http://www.nxp.com.
About Colliers International ATREG
Colliers Macaulay Nicolls Inc. (CMN) is the largest member of Colliers International, a worldwide affiliation with 293 offices in 61 countries and more than 11,000 professionals. ATREG, the semiconductor sales division of Colliers, is a specialized team focused to help companies restructure advanced technology assets. Established in 1997 and co-directed by Stephen Rothrock and Doug Barrett, ATREG has represented many of the semiconductor industry's top companies in transactions totaling more than US $2 billion. ATREG sells operational semiconductor fabs, wafer supply agreements, process and product IP, complete tool lines, and fab infrastructure. For more information please contact ATREG or visit the website at http://www.ATREG.com.
Colliers ATREG Contacts: NXP Semiconductors Contact: Stephen Rothrock Lieke de Jong-Tops +1-206-287-4757 +31(0)40-2725202 firstname.lastname@example.org email@example.com Nanette Sorich +1-206-223-1265 firstname.lastname@example.org Web site: http://www.nxp.com http://www.ATREG.com
Stephen Rothrock, +1-206-287-4757, email@example.com, or Nanette Sorich, +1-206-223-1265, firstname.lastname@example.org, both of Colliers International ATREG; or Lieke de Jong-Tops of NXP Semiconductors, +31(0)40 2725202, email@example.com