NXP Semiconductors Announces Fourth Quarter 2008 Results

EINDHOVEN, The Netherlands — NXP Semiconductors today announced fourth quarter sales of USD 979 million, a comparable decrease of 21.9% over the third quarter of 2008 and a comparable decrease of 25.6% over the fourth quarter of 2007, reflecting difficult and deteriorating market conditions towards the end of 2008. Adjusted EBITDA in the fourth quarter was USD 41 million. Adjusted EBITA showed a loss of USD 84 million this quarter compared to a profit of USD 148 million in the same period last year and a profit of USD 15 million in the previous quarter.

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Sales for the fourth quarter were USD 223 million compared to USD 241 million in the same quarter in 2007, a nominal sales decline of 7.5%. On a comparable basis sales declined by 31% mainly due to the general economic downturn, the continued decline in the CRT TV market and the weakness in the main stream (retail) STB and can tuner market, partly offset by an increased market share in the Digital TV Systems on Chip market after having started mass production for a major Japanese OEM.

Sales were USD 223 million in the fourth quarter of 2008 compared to USD 212 million in the 3 quarter of 2008 resulting in a nominal increase of 5.2%, mainly due to the establishment of the NuTune joint venture and the acquisition of Conexant’s BMP activities in the third quarter of 2008. On a comparable basis sales declined by 18.6% reflecting the continuously deteriorating market environment with reduced customer demand.

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