NXP Comments on Moody's Ratings Upgrade

NXP Comments on Moody's Ratings Upgrade 
EINDHOVEN, THE NETHERLANDS -- (Marketwire) -- 11/07/12 --  NXP
Semiconductors N.V. (NASDAQ: NXPI) today announced that Moody's
Investors Service has upgraded NXP B.V. to B1 from B2 for the
corporate family rating (CFR) and probability of default rating
(PDR). At the same time, Moody's upgraded NXP's senior secured debt
ratings to B2 from B3 with a stable outlook.  
"Moody's upgrade today is a clear validation of our execution to
improve our capital structure and strengthen our balance sheet, while
we simultaneously refocused the business for long-term growth," said
Peter Kelly, chief financial officer NXP Semiconductors. "Moody's
upgrade is recognition of NXP's improved free cash flow, operational
performance and strong earnings momentum. We continue to be focused
on reducing our financial leverage, with the goal of achieving an
investment grade capital structure, while we continue to invest in
our business to achieve industry leading revenue growth." 
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 $4.2 billion in 2011. Additional information can be
found by visiting www.nxp.com. 
Forward-Looking Statements 
This document includes forward-looking statements which include
statements regarding NXP's business strategy, financial condition,
results of operations, and market data, as well as any other
statements which are not historical facts. By their nature,
forward-looking statements are subject to numerous factors, risks and
uncertainties that could cause actual outcomes and results to be
materially different from those projected. These factors, risks and
uncertainties include the following: market demand and semiconductor
industry conditions; the ability to successfully introduce new
technologies and products; the end-market demand for the goods into
which NPX's products are incorporated
; the ability to generate
sufficient cash, raise sufficient capital or refinance corporate debt
at or before maturity; the ability to meet the combination of
corporate debt service, research and development and capital
investment requirements; the ability to accurately estimate demand
and match manufacturing production capacity accordingly or obtain
supplies from third-party producers; the access to production
capacity from third-party outsourcing partners; any events that might
affect third-party business partners or NXP's relationship with them;
the ability to secure adequate and timely supply of equipment and
materials from suppliers; the ability to avoid operational problems
and product defects and, if such issues were to arise, to correct
them quickly; the ability to form strategic partnerships and joint
ventures and to successfully cooperate with alliance partners; the
ability to win competitive bid selection processes to develop
products for use in customers' equipment and products; the ability to
successfully establish a brand identity; the ability to successfully
hire and retain key management and senior product architects; and,
the ability to maintain good relationships with NXP's suppliers. In
addition, this document contains information concerning the
semiconductor industry and NXP's business segments generally, which
is forward-looking in nature and is based on a variety of assumptions
regarding the ways in which the semiconductor industry, NXP's market
segments and product areas may develop. NXP has based these
assumptions on information currently available, if any one or more of
these assumptions turn out to be incorrect, actual market results may
differ from those predicted. While NXP does not know what impact any
such differences may have on its business, if there are such
differences, its future results of operations and its financial
condition could be materially adversely affected. Readers are
cautioned not to place undue reliance on these forward-looking
statements, which speak to results only as of the date the statements
were made. Except for any ongoing obligation to disclose material
information as required by the United States federal securities laws,
NXP does not have any intention or obligation to publicly update or
revise any forward-looking statements after NXP distributes this
document, whether to reflect any future events or circumstances or
otherwise. For a discussion of potential risks and uncertainties,
please refer to the risk factors listed in NXP's SEC filings. Copies
of NXP's SEC filings are available on NXP's Investor Relations
website, www.nxp.com/investor or from the SEC website, www.sec.gov. 
For more information, please contact: 
Investors
Jeff Palmer
jeff.palmer@nxp.com 
+1 408 518 5411 
Media
Lieke de Jong-Tops
lieke.de.jong-tops@nxp.com 
+31(0)40 272 5202