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Saturday, 9 April 2011 - NXP not for sale, would consider a rich offer: CEO |
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    Edition: U.S. Article Comments (0) Follow Reuters Facebook Twitter RSS YouTube Read Reid says Republicans want shutdown to close clinics 11:23am EDT Wisconsin court race won't be certified without vote probe 2:27pm EDT With no budget deal, government shutdown looms | 4:22pm EDT Facebook now wants a say in computer hardware 10:24am EDT WRAPUP 1-Japan to stop pumping radioactive water into sea 11:27am EDT Discussed 120 U.S. to reach debt limit by May 16: Geithner 95 Reid says Republicans want shutdown to close clinics 81 Stumbling blocks remain in budget fight Watched NATO air strike hits Libyan rebels Thu, Apr 7 2011 7.4 magnitude quake strikes Japan Thu, Apr 7 2011 Students clash at Madrid rally 9:29am EDT small business Is social media the elephant in the room? GoDaddy founder Bob Parsons caused a stir when he posted a video of him killing an elephant on Twitter. It's the latest example of the inherent dangers of social media and small businesses should take heed to avoid pulling a "Parsons."  Full Article  Managing elephant-sized social media blunders The do's and don'ts of securing a domain name 5 signs you need a marketing makeover NXP not for sale, would consider a rich offer: CEO Tweet Share this By Roberta B. Cowan EINDHOVEN, The Netherlands (Reuters) - Dutch chip maker NXP BV is not in takeover talks, its chief executive said on Friday, although he would consider an offer like the one Texas Instruments Inc made for National Semiconductor... Email Print Related News Samsung profit tumbles to near 2-year low, chips to fuel rebound Thu, Apr 7 2011 S&P hovers near resistance, but volume still weak Tue, Apr 5 2011 Gold hits record, oil tops $122 a barrel Tue, Apr 5 2011 ANALYSIS-TI-NatSemi deal vaults analog back into limelight Tue, Apr 5 2011 Texas Instruments to buy NatSemi for $6.5 billion Tue, Apr 5 2011 Analysis & Opinion The SEC comes round to private markets Tech wrap: Android takes over Related Topics Technology » Media » Stocks     By Roberta B. Cowan EINDHOVEN, The Netherlands | Fri Apr 8, 2011 2:35pm EDT EINDHOVEN, The Netherlands (Reuters) - Dutch chip maker NXP BV is not in takeover talks, its chief executive said on Friday, although he would consider an offer like the one Texas Instruments Inc made for National Semiconductor Corp. Dutch media said earlier on Friday NXP had been holding talks with Intel Corp, Qualcomm Inc and Broadcom Corp about a possible tie up. "NXP isn't for sale," NXP Chief Executive Richard Clemmer told Reuters in an interview at the company's headquarters in Eindhoven. "And I haven't held talks with the CEOs of Intel, Qualcomm or Broadcom for five or six weeks." He said that when he had talked to Qualcomm and Broadcom previously it was about routine customer issues. However, after Texas Instruments offered a near-80 percent premium for National Semiconductor earlier this week, Clemmer said he would have to consider selling NXP if offered similar terms, which would equate to about $60 a share. "National Semiconductor got a good deal and I would consider talks at an 80 percent premium or between $55 to $60 per share," he added. NXP makes chips and chip sets which are used in a wide range of applications including security identification and authentication cards and passports. Clemmer said that while NXP is not considering any divestments, it is looking a smaller M&A deals in the range of $100-$150 million. NXP is the co-inventor, along with Sony, of near-field communication technology, or NFC, which is an emerging technology for contactless transactions or payments, or short-distance data transfer. INDUSTRY STANDARD It has become the industry standard to enable mobile phones to make electronic payments in shops, online and also from phone to phone. The demand for near-field communications chips from the likes of Google Inc and Nokia Oyj, both partners of NXP, means investors have seen the upside in NFC technology, and pushed NXP shares up from about $10 last summer to more than $30. Google is integrating mobile payment in its Android mobile operating system, the world's most popular smartphone software, while Nokia has said every Nokia phone will be NFC-enabled by the end of 2011. Clemmer declined to say whether Apple Inc's next iPhone will have NXP's NFC chip set but he added that every smartphone manufacturer is working on adding NFC technology. Dutch electronics group Philips sold a majority stake in NXP to private equity firms in 2006. NXP had previously made parts for Philips radios, televisions and other electrical equipment for more than 50 years. 1 2 Next Technology Media Tweet this Share this Link this Digg this Email Reprints   We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language, all capital letters or appear to be spam, and we review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. Comments (0) Be the first to comment on reuters.com. Add yours using the box above. Social Stream (What's this?) © Copyright 2011 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index Reader Feedback   Mobile Newsletters RSS Podcasts Widgets Your View Analyst Research Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts Venture Capital Journal International Financing Review Project Finance International PEhub.com PE Week FindLaw Super Lawyers Attorney Rating Service Reuters on Facebook Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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