8-K

NXP Semiconductors N.V. 8-K Report (Jan 9, 2012)

Filed January 9, 2012For Securities:NXPI

Summary

NXP Semiconductors N.V. (NXPI) filed a Form 6-K on January 9, 2012, primarily to provide an update on the impact of Trident Microsystems' Chapter 11 filing and to announce their fourth quarter 2011 financial results conference call. The company stated that Trident's filing is not expected to have a material impact on NXP's non-GAAP results for Q4 2011. Due to equity accounting, NXP anticipates its investment in Trident will be fully written down to zero on its balance sheet by the end of Q4 2011, down from approximately $18 million in Q3 2011. Investors are also informed that NXP will release its full fourth quarter 2011 financial results on February 9, 2012, followed by a conference call to discuss the results. The company provided details on how to access this call, including dial-in numbers and a passcode, and noted that the call will be webcast and a replay will be available.

Key Highlights

  • 1NXP Semiconductors does not expect Trident Microsystems' Chapter 11 filing to materially impact its Q4 2011 non-GAAP results.
  • 2NXP's investment in Trident Microsystems is expected to be written down to zero on its balance sheet by the end of Q4 2011.
  • 3The carrying value of the investment in Trident was approximately $18 million at the end of Q3 2011.
  • 4NXP will release its Q4 2011 financial results on February 9, 2012, after market close.
  • 5A conference call to discuss Q4 2011 financial results is scheduled for February 9, 2012, at 16:45 EST.
  • 6The conference call will be webcast, and a replay will be available for 90 days.
  • 7NXP reiterates its previous Q4 2011 financial guidance provided on November 1, 2011.

Frequently Asked Questions

This Form 6-K filing primarily serves to inform investors about NXP's assessment of the impact of Trident Microsystems' Chapter 11 filing on its financial results, and to announce the date and details of NXP's fourth quarter 2011 earnings release and conference call.

NXP stated that it does not anticipate a material impact on its non-GAAP results for the fourth quarter of 2011. Due to the equity accounting method used for its investment in Trident, NXP expects the carrying value of this investment to be reduced to zero on its balance sheet by the end of Q4 2011.

NXP is scheduled to release its fourth quarter 2011 financial results after the NASDAQ market close on Thursday, February 9, 2012.

Investors can join the conference call by dialing 1-800-901-5247 (within the U.S.) or 1-617-786-4501 (outside the U.S.) and providing the participant passcode 86035961. The call will also be webcast on NXP's investor relations website.