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   Date: 28th July 2010

NXP Semiconductor acquires Jennic to expand its domain expertise in RF

NXP Semiconductors has acquired Jennic, a developer of low power RF solutions for wireless applications. This acquisition will add in to NXP's kitty Jennic's portfolio of 802.15.4 and Zigbee low power RF solutions. NXP range of wireless semiconductor device offerings will now expand for applications such as eMetering, smart lighting, building automation, asset tracking and device remote controls.

NXP has paid approximately $12.2 million to acquire 100% ownership of Jennic shares, plus up to $7.8 million in additional consideration over the next two years if Jennic meets certain performance targets. Approximately 50 UK-based employees will transfer to NXP. NXP's will allow Jennic's short-range wireless products to become available to a broader range of global customer.

"Innovation in low-power wireless RF technology is driving significant demand for exciting new applications and usage models across a broad range of industries," said Rick Clemmer, President and CEO, NXP Semiconductors. "The low power RF solutions for wireless applications which Jennic has developed have set a benchmark for driving down power performance. These also represent a great example of High Performance Mixed Signal technology, which together will enable us to jointly target attractive growth markets and offer a complete range of wireless semiconductor solutions."

"We strongly believe that 802.15.4 short-range wireless technology has potential to both enable a number of new applications, and replace traditional communications across a range of industries," said Alexander Everke, Executive Vice President and General Manager, High Performance Mixed Signal business unit, NXP Semiconductors. "The benefits of networking technology with low set-up and operation costs are significant, and by integrating Jennic's solutions, we are now able to offer the broadest range of long- and short-range wireless platforms to meet any customer requirement."

          
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