NXP Acquires Code Red Technologies

NXP Acquires Code Red Technologies 
Strategic Addition to NXP Microcontroller Business Line 
SAN JOSE, CA and CAMBRIDGE, UNITED KINGDOM -- (Marketwired) --
05/01/13 --  NXP Semiconductors N.V. (NASDAQ: NXPI) today announced
its acquisition of Code Red Technologies, an embedded software
development tools provider, as a strategic addition to its
microcontroller business line. Code Red Technologies is recognized
industry-wide for innovative tools enabling rapid development and
debugging of full-featured applications for 32-bit ARM(R)
microcontrollers. These tools include the popular LPCXpresso IDE
(integrated development environment) -- a very low-cost, end-to-end
development platform for NXP LPC microcontrollers -- enabling
embedded developers to develop applications from initial evaluation
through to final production. The financial terms of the agreement
were not disclosed. 
LPCXpresso is based on Eclipse, with enhancements specific to LPC
microcontrollers. Since its release in 2009, the LPCXpresso community
has grown steadily, with over 66,000 unique software activations of
the LPCXpresso IDE since January 2010. 
"With LPCXpresso, NXP has built a strong foundation for a vibrant
embedded development ecosystem around LPC microcontrollers. Bringing
the Code Red team into our organization gives us the ability to
jump-start our in-house software expertise, deliver world-class
software libraries and integrated tools to our customers, and rapidly
build on the momentum behind the LPCXpresso IDE," said Jim Trent,
vice president and general manager, microcontroller business line,
NXP Semiconductors.  
"Joining forces with NXP enables us to focus on what we do best --
simplifying the development experience for customers through tools
and software. Through closer integration, we'll also be able to bring
our ARM and LPC experience into new market segments on a global
scale, developing and tailoring software for specific applications
and solutions," said John Rayfield, co-founder and CEO, Code Red
Technologies. 
Current Code Red customers using non-LPC platforms will continue to
have support through May 2014. In addition, the full Red Suite
product will continue to be sold for 8 months through to the end of
December 2013. The Code Red team will be consolidated into three
locations, including San Jose, California; Cambridge, UK; and
Syracuse, New York. 
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 $4.36 billion in 2012.
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 other statements that 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. Readers are
cautioned not to place undue reliance on these forward-looking
statements. 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 from the SEC website, www.sec.gov. 
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For further press information, please contact: 
NXP Semiconductors 
Global:
Eureka Endo 
+44 795 828 7483
eureka.endo@nxp.com 
GC : 
Jannet Chen
+86 21 22055883 
jannet.chen@nxp.com 
NA: 
Lisa Silver
+1 617 399 4913
lisas@text100.com  
APAC: 
Preeti Gupta
+65 6603 9022
preeti.gupta@text100.com.sg