Eindhoven, The Netherlands, January 9, 2012 – NXP Semiconductors N.V. (NASDAQ: NXPI) announced today it currently does not anticipate the recently announced Chapter 11 filing by Trident Microsystems to have a material impact on its non-GAAP results for the fourth quarter of 2011.
Based on the equity accounting methodology used to account for NXP’s equity interest in Trident Microsystems, and irrespective of the Chapter 11 filing, the carrying value of the investment on NXP’s balance sheet is anticipated to be zero as of the end of the fourth quarter of 2011, compared to the approximately $18 million as of the end of the third quarter 2011.
The original financial guidance for the fourth quarter of 2011 was provided in conjunction with the company’s announcement of third quarter 2011 results, released on November 1, 2011 and is available on the company’s investor relations website at www.nxp.com/investor.
Additionally, NXP will release its financial results for the fourth quarter of 2011 after the NASDAQ market close on Thursday, February 9, 2012 followed by a conference call with the financial community at 16:45 pm U.S. Eastern Standard Time (22:45 pm Central European Time).
Interested parties may join the conference call by dialing the following numbers:
- Within the U.S.: 1 - 800 - 901 - 5247
- Outside the U.S.: 1 - 617 - 786 - 4501
- Participant Passcode: 86035961
The call will be webcast by Thomson Reuters and can be accessed at the NXP Investor Relations website at www.nxp.com/investor, with a replay available for 90 days following the call.
About NXP Semiconductors
NXP Semiconductors N.V. (NASDAQ: NXPI) provides High Performance Mixed Signal and Standard Product solutions that leverage its leading RF, Analog, Power Management, Interface, Security and Digital Processing expertise. These innovations are used in a wide range of automotive, identification, wireless infrastructure, lighting, industrial, mobile, consumer and computing applications. A global semiconductor company with operations in more than 25 countries, NXP posted revenue of $4.4 billion in 2010. For more information visit www.nxp.com