AUSTIN, Texas, May 19, 2016 (GLOBE NEWSWIRE) -- NXP Semiconductors N.V. (NASDAQ:NXPI) has announced the winners of its annual Supplier Awards at the company’s first Supplier Day following NXP’s merger with Freescale. Senior executives from 80 of NXP’s key suppliers were in attendance representing all spend areas (Materials, Equipment, Foundry services, Subcon services and Indirect services). The event was hosted by Rick Clemmer, NXP’s President and CEO, and the theme was ‘Partnering for Growth’.
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/4646eeae-79b2-45df-be16-977f4e036d97
“We know that partnering with the right suppliers is a crucial element that allows us to better execute on our growth strategy,” said Rick Clemmer. “It is great to see the excitement this week at both the Supplier Day event, recognizing our foremost suppliers, as well as at the NXP FTF User Conference where we showcased the breadth and depth of our applications. These events are important as they help us engage with our key customers, suppliers and partners, as well as with industry-leading decision-makers, government officials and influencers, collectively advancing the debate on how we can further enable and accelerate future Secure Connections for a Smarter World solutions.”
Next to the Secure Connections for a Smarter World strategy, NXP senior executives also spoke at the Supplier Day event about the company’s growth plans for its different businesses, and delivered key insights into end customer markets. They reiterated the need for strong collaboration with our supply base focusing on uncompromising quality, flexible capacity, cost competitiveness and value engineering as key enablers to aid in NXP’s further growth.
As a recognition of superior performance, NXP presented awards to suppliers across the key spend categories.
Technology and continued innovation are very critical drivers of NXP’s success. In recognition of the co-development in strategic nodes to support our smart card and NFC business, the Best Supplier –Technology award was presented to GLOBALFOUNDRIES.
“The markets we serve demand the highest levels of Quality. The new NXP’s increasingly integrated applications mean we need to continue to raise the bar on quality, and we are asking our suppliers to have a ‘Quality First’ culture they live by”, emphasized David Reed, NXP’s executive vice president of Technology & Operations. A Quality Award was presented to the best supplier across all the spend categories.
In addition to the corporate supplier awards, NXP also acknowledged five Account Managers with ‘Customer Advocate’ awards in recognition of their dedication and commitment to drive collaboration between NXP and their respective companies.
“NXP is poised to grow at a 1.5x relative market share in the markets we compete in. We view our suppliers as an extremely important part of our growth journey to support us with quality, capacity, cost performance and technology collaboration. We look forward to further strengthening our joint efforts in line with NXP key expectations as outlined in today’s event,” said Jacky McNulty, NXP’s senior vice president and chief procurement officer.
About NXP Semiconductors
NXP Semiconductors N.V. (NASDAQ:NXPI) enables secure connections and infrastructure for a smarter world, advancing solutions that make lives easier, better and safer. As the world leader in secure connectivity solutions for embedded applications, NXP is driving innovation in the secure connected vehicle, end-to-end security & privacy and smart connected solutions markets. Built on more than 60 years of combined experience and expertise, the company has 45,000 employees in more than 35 countries, and posted revenue of $6.1 billion in 2015. Find out more at www.nxp.com.
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