Date: 28/09/2006

NXP rises it’s stake in Singapore’s SSMC (Systems on Silicon Manufacturing Co. Pte. Ltd.)

NXP (x-Philips Semi), already a 51.5% share holder in SSMC is buying shares held by EDB Investments Pte. Ltd. to rise it’s stake to 61.2%. The other only partner TSMC will have the rest. This symbolizes NXP’s expanding strategy in foundry infrastructure and that too in Asia. NXP is releasing quite high no. of new products in the current period, most of it may be churned out of this advance fab.