NXP Comments on Standard & Poor's Long-Term Credit Rating Upgrade

NXP Comments on Standard & Poor's Long-Term Credit Rating Upgrade 
EINDHOVEN, THE NETHERLANDS -- (Marketwired) -- 08/05/13 --  NXP
Semiconductors N.V. (NASDAQ: NXPI) today announced that Standard &
Poor's Ratings Services upgraded its long-term corporate rating for
NXP B.V. to BB- (outlook positive) from B+ (stable). In its Research
Update Standard & Poor's states that NXP B.V. reported better than
expected results in the first half year of 2013 and reduced its debt
through free cash flow generation. At the same time, Standard &
Poor's raised all issue ratings by one notch in line with the
one-notch rise in the corporate credit rating. The recovery ratings
remain unchanged. 
"Standard & Poor'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. "Standard & Poor'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 as 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 $4.36 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 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 NXP'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 our 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 we distribute 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 our SEC filings. Copies of
our SEC filings are available on our Investor Relations website,
www.nxp.com/investor or from the SEC website, www.sec.gov. 
For further information, please contact: 
Investors: 
Jeff Palmer 
jeff.palmer@nxp.com 
+1 408 518 5411 
Media:
Pieter van Nuenen
pieter.van.nuenen@nxp.com 
+31 402 725 398 
 
 
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