NXP Semiconductor deepens its base in Singapore

NXP Semiconductors N.V. has announced that it has strengthened its presence in Asia by establishing Singapore as its Global Headquarters for Standard Products, Global Headquarters for Operations, and ASEAN Headquarters for Sales & Marketing. This move brings NXP closer to its growing number of Asian customers, and establishes a base for further growth in the region. “Our customers are our first priority, and with a majority based in Asia, this move will facilitate closer collaboration with them and help us to better understand their challenges and priorities,” said Rick Clemmer, President and CEO of NXP Semiconductors. “From an innovation point of view, Asia is currently experiencing unprecedented growth in the design and manufacturing of semiconductor solutions, and with key business unit headquarters in Singapore, we have the ability to develop new relationships with technology partners that can benefit NXP on a global level.” NXP’s Singapore based corporate R&D lab, which opened in May 2012, will also be expanding to retain a headcount of up to 80. Developing next generation technologies, including security chips used in biometric passports and automotive sensors that can potentially enable self-driving vehicles, this is NXP’s second corporate R&D lab with the first being located in the Netherlands. NXP has planned to increase its investments by S$20 million in...