Philips Semiconductor changes name to NXP
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(InfoWorld) - Philips Semiconductor unveiled its new name Thursday, becoming NXP after 50 years as the semiconductor division of the Dutch electronics conglomerate. NXP stands for "Next Experience," the company said in a statement. The name was changed afterÂ a group of private equity firms bought an 80.1 percent stake in the company. Bain Capital, Silver Lake Partners, Apax and AlpInvest Partners NV worked withÂ leader Kohlberg KravisÂ RobertsÂ & Co.Â on the deal, and Koninklijke Philips Electronics N.V. retained a 19.9 percent stake in the chip maker. Frans van Houten will continue as the company's chief executive officer. The new shareholders will invest â¬1 billion (US$1.28 billion) in research and development, the company said, but did not specify over what period. The company will maintain its headquarters in Europe, with a total of about 37,000 employees in 20 countries.
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Europe&#39;s top consumer electronics group Philips cut the forecast for its closely watched chip unit on Friday and predicted a significant slowdown for the semiconductor industry next year.
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Dutch chipmaker NXP will buy  U.S.-based semiconductor developer GloNav, which specializes in  global positioning system (GPS) chips, for up to $110 million  in cash, it said in a statement on Friday.
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Dutch electronics firm Philips has joined forces with UK electrical retailer Dixons Group to launch Philips-Freeline, a range of home entertainment personal computers in Europe.
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Philips   has quietly dropped its advanced, blinking fluorescent backlights for flat televisions, and will instead focus on LED backlights which are smaller, the Dutch electronics group said on Monday.
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TSMC (2330.TW), the world's largest  contract chip maker, said on Friday Philips  plans to  sell TSMC shares it owns to help it make an orderly exit from  its current $8.5 billion stake in the Taiwan company.
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LONDON - At a day of lectures for financial analysts being held in the Netherlands, Royal Philips Electronics NV said it is looking to build a joint venture wafer fab, labeled as &#39;JV(12)-2&#39; to begin displacing Taiwan Semiconductor Manufacturing Co.
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(InfoWorld) - One of Europe's largest chip makers is teaming up with Taiwan's biggest chip packaging and testing company on a joint venture in China, despiteÂ strict regulations regarding chip-related investmentsÂ on the part of Taiwan. NXP Semiconductors, the former chip division of Koninklijke Philips Electronics, and Advanced Semiconductor Engineering (ASE) on Friday said they signed a memorandum of understanding to form a joint chip packaging and testing venture in Suzhou, China. ASE will take a 60 percent stake in the venture, while NXP will hold the remaining 40 percent. The companies said the deal will only go through if it meets regulatory approval, but they indicated that the Chinese and Taiwanese governments have been cooperative. "We're pleased to be able to strengthen our relationship with ASE through the formation of this JV and appreciate the willingness of governments to help in this regard," said Ajit Manocha, chief manufacturing officer at NXP, in a statement. Taiwan and China remain enemies after splitting in 1949 amid civil war. The islandÂ heavily regulates China-bound chip investmentÂ over fears China could use the technology to bolster its military. Chip makers on the island find the rules a hindrance. But despite the strained relationship, China remains the favored destination for Taiwanese investment due to their shared language and culture, as well as China's lower costs and incentives for building factories. Â
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EINDHOVEN, Netherlands  - Philips Electronics said  on Tuesday it had trimmed its 2005 global chip market outlook  to zero growth from a previous 5 percent rate forecast.
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Compliance Resource Group, Inc. (PINKSHEETS: CPLE) announced today that it has changed its name to EnerBrite Technologies Group, Inc.  As part of the name change, a new trading symbol (ETGP) and CUSIP number have been assigned to the company's stock.
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Europe's top consumer electronics  group Philips cut the forecast for its closely-watched  semiconductor unit on Friday, pointing to the predicted  slowdown of the sector's recovery.
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Philips' chip chief to return to U.S. in move that makes some analysts jumpy.
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By Charoen Kittikanya, Bangkok Post, Thailand  Dec. 19--Philips Electronics (Thailand) expects its business to remain in  good shape next year on the back of robust double-digit growth in 2006.
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(InfoWorld) - CAÂ has unveiled plans to simplify the naming of its entire software range over the next 12 to 18 months to better brand the products and more clearly indicate their function. The software vendor will do away with the names currently denoting its various software families like its Unicenter systems management offerings and its BrightStor storage products, according to a company spokesman. CA will also drop specific product brand names such as PestPatrol and FileSurf in favor of the company's name and a descriptive term for the particular piece of software. For instance, Unicenter Service Desk will become CA Service Desk, while eTrust Access Control transforms into CA Access Control. CA cited its surveys of more than 500 IT directors and managers around the world suggesting that they were more likely to buy "CA" branded products compared to the vendor's sub-brands. "Our goal is to make it easier for customers to find and buy CA solutions," CA spokesman Bob Gordon wrote in an e-mail response for comment. "Weâre moving to a master brand strategy and this is the next logical step in clearly defining CAâs value. A number of our customers told us they didnât understand what we stood for or what we delivered." Supporting a single "master brand" may help CA in cost cutting since the vendor will no longer have to split its marketing dollars to support a host of different individual brands. CA is taking a page out of Hewlett-Packard's recent strategy play book. HP, one of CA's main rivals in the systems management space, announced in November that it wouldÂ gradually phase outÂ its OpenView and newly acquired Mercury brand names, replacing them with a unified HP Software brand. However, HP's planned renaming efforts aren't as far reaching as CA's, since HP intends to retain individual product names like Systinet and LoadRunner. Both companies are midway through major transformations of their entire business operations and are looking for ways to simplify and reposition their respective offerings to make them more attractive to customers. The decision to standardize product names will likely impact CA's future acquisitions of IT companies. "On the whole, we would expect to rebrand acquired products more quickly than in the past," Gordon wrote. A year ago, CA made its previously announcedÂ name changeÂ from Computer Associates International to CA official. In part, the name signified a break with the company's troubled past and the fallout from a financial scandal involving the false reporting of hundreds of millions of dollars in revenue. Several former Computer Associates executives have received prison terms for their roles in the scandal including the vendor's former CEO Sanjay Kumar who in November wasÂ sentenced to 12 years in prisonÂ and ordered to pay a $8 million fine. CA has a Web site detailing the name changes which will occur in phases as the vendor comes out with new releases of its products. Â
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After an absence of a decade, Philips Electronics is making personal computers again, the company said on Thursday. The Netherlands-based electronics conglomerate, which abandoned the
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By Francesco Guerrera in Hong Kong and Ian Bickerton in Amsterdam. Philips, the Dutch electronics company, on Thursday said it had sold its personal computer screens business to the Taiwanese group TPV Technology
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EINDHOVEN, Netherlands  - Philips Electronics said  on Tuesday it expected a flat global chip market next year, in  line with market research forecasts but more cautious than many  of its rivals.