Posts Tagged ‘NXP’

Freescale And NXP Creditors Show Their Claws

Creditors are hell. NXP and Freescale are beginning to find that out. Freescale has been sued by its creditors over its recent buy-out of debt, and NXP’s bondholders are preparing to sue the company to have its debt-swap declared illegal…

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ProMOS Follows Freescale’s Example

Freescale has kicked off the jolliest wheeze for years with semiconductor companies buying back their debt for a fraction of its par value. The latest to do this is the Taiwanese DRAM company ProMOS Technologies which has paid off its convertible bondholders for 25 cents on the…

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Can Semiconductor Companies Operate With Debt?

Some semiconductor companies are operating in uncharted waters as they seek to borrow money to keep going. This is something new for the semiconductor industry which has traditionally been able to fund itself through recessions on the cash surpluses accumulated during booms…

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The Blight Of Private Equity

Proof, if further proof were need, of the evil effects which private equity ownership has on companies which get bought by private equity funds comes from as couple of US studies into private equity-owned companies…

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Exodus Of Investors May Scupper Private Equity Firms

If you want a good laugh over the next few weeks just think of all those investors in private equity companies who will get a letter in the next few weeks telling them how much, or rather how little, their investments are worth…

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Frans van Houten Leaves NXP

So, Frans van Houten is to step down as CEO of NXP. For NXP this could be a good thing. I like Frans van Houten, but he’s not a semiconductor guy…

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Private Equity Debt Is The Next Financial Black Hole

Debts imposed by private equity funds on companies like Freescale and NXP could cause the next big financial crisis, with $500 billion of such debt needing to be rescheduled by 2010, according to the Bank of International Settlements…

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NXP and Freescale Can’t Repay Debts, says BNP Paribas

It turns out that the most semiconductor-savvy guys in the past two years were the managements of Motorola and Philips who negotiated the huge valuations of $17.6 billion and $11.6 billion respectively for Freescale Semiconductor and NXP Semiconductors and sold them to private equity consortiums led by…

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Wireless Technology Commoditises

Has profitability deserted the wireless business? After all it’s inevitable that IC-based businesses commoditise. The first to do so were digital watches and electronic calculators. They commoditised quickly, going from units prices of several hundred dollars to single figure dollars in about five years…

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The Crippling Debt Legacy Of Private Equity (Part 2)

Following the purchase of NXP in 2006 by a group of private equity companies led by Wall Street company Kohlberg Kravis and Roberts, some 3.7 billion of dollar-delineated debt and some 2.7 billion of Euro-delineated debt in the form of high-yield bonds secured on NXP…

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NXP And The Goose Which Lays Golden Eggs.

Interesting to see that NXP is working on phase change memory with a little UK start-up called Ilika. Memory is the elixir of life in the semiconductor industry – when it’s not the harbinger of death…

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