NXP Semiconductors N.V. is a Dutch semiconductor manufacturing and design company with headquarters in Eindhoven, Netherlands. It is the third largest European semiconductor company by market capitalization as of 2024. The company employs approximately 34,000 people in more than 30 countries and it reported revenues of $13.3 billion in 2023. The company's origins date back to the 1950s as part of Philips and it became one of the world's largest semiconductor companies by the end of the 20th century. Philips spun off the company in 2006 and it has since operated independently. The company's name is an abbreviation of Next eXPerience. Wikipedia