NXP CEO on China, Apple Pay, IoT & V2V

Junko Yoshida, EETimes
4/30/2015 08:25 PM EDT

MADISON, Wis. — NXP Semiconductors posted in the first quarter of 2015 total revenue of $1.47 billion, an increase of 17.7 percent over the same period a year ago. Richard Clemmer, NXP CEO, attributed the first quarter results to the company’s “better product mix, which drove better profitability.” NXP’s non-GAAP operating margin in the first quarter was 26 percent.

A merger of NXP and Freescale is expected in the second half of this year. Clemmer confidently spoke of significant integration planning already under way. This “should assure a successful Day One execution of the merger,” he said.

NXP is also likely to have a buyer for its RF power business in the next few months. Due to the sheer size of the two companies’ combined RF power business, Clemmer had previously talked about selling NXP’s RF power business in order to meet regulatory guidelines.

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