NXP

Type
Business expansion
Country
Germany
Region
Hamburg; Hamburg; Hamburg
Location of affected unit(s)
Hamburg
Sector
Manufacturing
(26 - 27) Manufacture of electrical, electronic and optical products
26.1 - Manufacture of electronic components and boards
26.11 - Manufacture of electronic components
130 jobs
Number of planned job creations
Job creation
Announcement Date
1 September 2014
Employment effect (start)
1 September 2014
Foreseen end date
31 December 2015

Description

On 1 September 2014, German chip producer NXP announced its plan to create 130 jobs by the end of 2015. The company is to build a new office in Hamburg which will be designed for 550 additional employees in the long term.

NXP is the biggest supplier of security chips worldwide. According to the company, almost half of payment cards in the world contain a NXP chip. Currently, NXP employs around 1,700 people.

Sources

  • 1 September 2014: FAZ

Citation

Eurofound (2014), NXP, Business expansion in Germany, factsheet number 77524, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/77524.