Mergers and Acquistions News
Categories: Semi-Conductors
February 16th 2009, 14:09PM
NXP Semiconductors has announced it has received $200 million (£140 million) by drawing under its available revolving credit facility.
The firm says the move is to strengthen its liquidity position - in November 2008 it received $400 million under a similar arrangement.
Karl-Henrik Sundstrom, chief financial officer of NXP, comments: "In view of the continuing global financial turmoil we are drawing $200 million under our revolving credit facility.
"This is a proactive financial decision in order to secure availability of this facility in a turbulent financial market environment."
With headquarters in Europe, NXP Semiconductors is a hardware giant, with around 33,500 employees working in 20 countries.
Earlier in the month it was announced that STMicroelectronics had bought NXP's 20 per cent stake in ST-NXP Wireless, completing a merger between Ericsson Mobile Platforms and ST-NXP Wireless.
In January NXP revealed it had won a major contract to supply its SmartMX microcontroller chip to the German transport ticketing network.
Related News
Categories
- BPO (32)
- Hardware (118)
- IT Services & Consulting (227)
- Media & Information Services (167)
- Semi-Conductors (77)
- Software (230)
- Telecoms (331)
Archive
- May 2012 (0)
- April 2012 (0)
- March 2012 (0)
- February 2012 (0)
- January 2012 (1)
- December 2011 (20)
- November 2011 (20)
- October 2011 (20)
- September 2011 (20)
- August 2011 (20)
- July 2011 (20)
- June 2011 (21)