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NXP Semiconductors Reports Fourth Quarter and Full-Year 2012 Results

EINDHOVEN, THE NETHERLANDS -- (Marketwire) -- 01/30/13 -- NXP Semiconductors N.V. (NASDAQ: NXPI)


                                                Q4 2012         Year 2012
                                           ---------------- ----------------
      Revenue                               $1,116 million   $4,358 million
      GAAP Gross margin                          43.9%            45.6%
      GAAP Operating margin                      3.0%             9.5%
      GAAP Diluted earnings per share           ($0.47)          ($0.46)

      Non-GAAP Gross margin                      46.1%            45.8%
      Non-GAAP Operating margin                  18.7%            18.0%
      Non-GAAP Earnings per share                $0.50            $1.70

  • Trailing twelve month adjusted EBITDA $1,042 million
  • Net debt reduced $181 million year-on-year to $2,875 million
  • Product revenue growth of 24 percent year-on-year, down 4 percent sequentially

NXP Semiconductors N.V. (NASDAQ: NXPI) today reported financial results for the fourth quarter and the full-year of 2012, ended December 31, 2012, and provided guidance for the first quarter 2013.

"Our results for the fourth quarter of 2012 came in at the higher end of our original guidance, as NXP delivered Product revenue of $1,066 million, a four percent sequential decline, and a twenty-four percent increase from the comparable year ago period. Total NXP revenue in the fourth quarter was $1,116 million, approximately a five percent sequential decline, and a twenty percent increase from the comparable year ago period," said Richard Clemmer, NXP Chief Executive Officer.

"Looking at the full-year results, NXP delivered Product revenue of $4,114 million, better than a seven percent year-on-year growth, as key design opportunities we outlined at the beginning of the year came to fruition. Specifically, full-year revenue in our core HPMS segment increased thirteen percent year-on-year due to strong growth in our Identification and Portable & Computing end markets. However, as a result of challenging market conditions, NXP experienced slower than anticipated growth in other areas of our HPMS segment, and a 10 percent year-on-year decline in our Standard product segment. Taken together, total NXP revenue increased four percent year-on-year to $4,358 million.

"As our recent actions demonstrate, we remain committed to improving our cost and expense structure, which should result in improved earnings growth and cash flow generation. Our strategy continues to be focused on providing unique and differentiated product solutions to enable our customer's success, which over the longer-term should allow NXP to outpace the cyclical growth of the overall semiconductor market," said Clemmer.

Fourth Quarter 2012 Results ($ millions, except EPS, unaudited)


----------------------------------------------------------------------------

                            Q4 2012   Q3 2012   Q4 2011    Q - Q     Y - Y
                           --------  --------  --------  --------  --------

Product Revenue            $  1,066  $  1,114  $    857        -4%       24%

Mfg. & Other Revenue       $     50  $     56  $     74       -11%      -32%
                           --------  --------  --------

Total Revenue              $  1,116  $  1,170  $    931        -5%       20%

GAAP Gross Profit          $    490  $    536  $    389        -9%       26%

  Gross Profit Adjustments
   (1)                     $    (24) $     (6) $    (34)

Non-GAAP Gross Profit      $    514  $    542  $    423        -5%       22%

  GAAP Gross Margin            43.9%     45.8%     41.8%

  Non-GAAP Gross Margin        46.1%     46.3%     45.4%

GAAP Operating Income      $     33  $    168  $      7       -80%      371%

  Operating Income
   Adjustments (1)         $   (176) $    (64) $   (141)

Non-GAAP Operating Income  $    209  $    232  $    148       -10%       41%

  GAAP Operating Margin         3.0%     14.4%      0.8%

  Non-GAAP Operating Margin    18.7%     19.8%     15.9%

GAAP Net Income / (Loss)   $   (116) $    115  $   (182)       NM        NM

  Net Income Adjustments
   (1)                     $   (242) $    (27) $   (241)

Non-GAAP Net Income /
 (Loss)                    $    126  $    142  $     59       -11%      114%

GAAP EPS                   $  (0.47) $   0.45  $  (0.73)       NM        NM
  EPS Adjustments (1)      $  (0.97) $  (0.11) $  (0.97)
Non-GAAP EPS               $   0.50  $   0.56  $   0.24       -11%      108%

----------------------------------------------------------------------------



---------------------------------------------------------

                              2012      2011      Y - Y
                            --------  --------  --------

Product Revenue             $  4,114  $  3,831         7%

Mfg. & Other Revenue        $    244  $    363       -33%
                            --------  --------

Total Revenue               $  4,358  $  4,194         4%

GAAP Gross Profit           $  1,988  $  1,906         4%

  Gross Profit Adjustments
   (1)                      $     (6) $    (82)

Non-GAAP Gross Profit       $  1,994  $  1,988         0%

  GAAP Gross Margin             45.6%     45.4%

  Non-GAAP Gross Margin         45.8%     47.4%

GAAP Operating Income       $    412  $    357        15%

  Operating Income
   Adjustments (1)          $   (374) $   (453)

Non-GAAP Operating Income   $    786  $    810        -3%

  GAAP Operating Margin          9.5%      8.5%

  Non-GAAP Operating Margin     18.0%     19.3%

GAAP Net Income / (Loss)    $   (115) $    390        NM

  Net Income Adjustments
   (1)                      $   (544) $    (42)

Non-GAAP Net Income /
 (Loss)                     $    429  $    432        -1%

GAAP EPS                    $  (0.46) $   1.57        NM
  EPS Adjustments (1)       $  (2.16) $  (0.14)
Non-GAAP EPS                $   1.70  $   1.71        -1%

---------------------------------------------------------

(1) Please see "Discussion of GAAP to non-GAAP Reconciliation" on page 3 of this release.

Supplemental Information ($ millions, unaudited)


----------------------------------------------------------------------------

                                                Percent
                  Q4 2012   Q3 2012   Q4 2011  Q4 Total    Q - Q     Y - Y
                 --------- --------- --------- --------  --------  --------

  Automotive     $     227 $     239 $     218       20%       -5%        4%

  Identification $     290 $     275 $     155       26%        5%       87%

  Infrastructure
   & Industrial  $     156 $     165 $     149       14%       -5%        5%

  Portable &
   Computing     $     195 $     222 $     137       18%      -12%       42%
                 --------- --------- --------- --------  --------  --------

High Performance
 Mixed Signal
 (HPMS)          $     868 $     901 $     659       78%       -4%       32%

Standard
 Products (STDP) $     198 $     213 $     198       18%       -7%        0%
                 --------- --------- --------- --------  --------  --------

Product Revenue  $   1,066 $   1,114 $     857       96%       -4%       24%

Manufacturing &
 Other           $      50 $      56 $      74        4%      -11%      -32%
                 --------- --------- --------- --------  --------  --------

Total Revenue    $   1,116 $   1,170 $     931      100%       -5%       20%

----------------------------------------------------------------------------



----------------------------------------------

                    2012      2011     Y - Y
                 --------- --------- --------

  Automotive     $     939 $     930        1%

  Identification $     986 $     698       41%

  Infrastructure
   & Industrial  $     604 $     617       -2%

  Portable &
   Computing     $     753 $     661       14%
                 --------- ---------

High Performance
 Mixed Signal
 (HPMS)          $   3,282 $   2,906       13%

Standard
 Products (STDP) $     832 $     925      -10%
                 --------- ---------

Product Revenue  $   4,114 $   3,831        7%

Manufacturing &
 Other           $     244 $     363      -33%
                 --------- ---------

Total Revenue    $   4,358 $   4,194        4%

----------------------------------------------

Product Revenue is the combination of revenue from the High Performance Mixed Signal (HPMS) and Standard Products (STDP) segments.

Additional Information for the Fourth Quarter of 2012:

  • Total gross debt at the end of the fourth quarter 2012 was $3,492 million, a reduction of $90 million from the $3,582 million in the prior quarter. Cash balance at the end of the fourth quarter of 2012 was $617 million, resulting in a net-debt position of $2,875 million.
  • On December 11, 2012, NXP tendered and retired $500 million of its U.S.-dollar denominated 9 3/4 Senior Secured notes. In a subsequent transaction NXP entered into a new $500 million senior secured term loan facility ("Term Loan C") due January 2020, which carries a coupon of LIBOR + 350bps, and a LIBOR floor of 125bps. The proceeds of the new term loan was drawn under the terms and conditions of the existing senior secured loan facility.
  • Net cash interest paid in the fourth quarter of 2012 was $55 million.
  • SSMC, NXP's consolidated joint-venture wafer fab with TSMC, reported fourth quarter 2012 operating income of $46 million, EBITDA of $58 million and a closing cash balance of $288 million.
  • Utilization in NXP wafer fabs averaged 85 percent in the fourth quarter 2012 compared to 71 percent in the year ago period and 91 percent in the prior quarter.
  • During the fourth quarter of 2012 NXP booked a $98 million charge associated with a restructuring initiative designed to improve operational efficiency and to competitively position the company for sustainable growth. The components of the restructuring initiative were: $55 million in SG&A to assist in driving SG&A to 12 percent of revenue; $23 million in R&D to refocus resources; and $20 million in cost of goods sold, mainly related to the consolidation of MOS technologies from our German fabrication facility to the company's 8-inch Dutch facility.

Guidance for the First Quarter 2013: ($ millions, except share count and EPS) (1)



----------------------------------------------------------------------------

                                                   Guidance Range
                                             Low         Mid        High
                                         ----------  ----------  ----------

Product Revenue                          $    1,027  $    1,043  $    1,058

  Q-Q                                            -4%         -2%         -1%

Mfg. & Other Revenue                     $       24  $       24  $       24
                                         ----------  ----------  ----------

Total Revenue                            $    1,051  $    1,067  $    1,082

  Q-Q                                            -6%         -4%         -3%

Non-GAAP Gross Profit                    $      497  $      504  $      511

  Non-GAAP Gross Margin                          47%         47%         47%

Non-GAAP Operating Income                $      193  $      198  $      202

  Non-GAAP Operating Margin                    18.4%       18.6%       18.7%

  Interest Expense                       $       50  $       50  $       50

  Cash Taxes                             $        9  $        9  $        9

  Non-controlling Interest               $       13  $       13  $       13
                                         ----------  ----------  ----------

Non-GAAP Net Income                      $      121  $      126  $      130

Ave. Diluted Shares                             255         255         255

  Non - GAAP EPS                         $     0.47  $     0.49  $     0.51

----------------------------------------------------------------------------

Note (1): NXP has based the guidance included in this release on judgments and estimates that management believes are reasonable given its assessment of historical trends and other information reasonably available as of the date of this release. The guidance included in this release consists of predictions only, and is subject to a wide range of known and unknown risks and uncertainties, many of which are beyond NXP's control. The guidance included in this release should not be regarded as representations by NXP that the estimated results will be achieved. Actual results may vary materially from the guidance we provide today. In relation to the use of non-GAAP financial information see the note regarding "Use of Non-GAAP Financial Information" elsewhere in this release. For the factors, risks and uncertainties to which judgments, estimates and forward-looking statements generally are subject see the note regarding "Forward-looking Statements." We undertake no obligation to publicly update or revise any forward-looking statements, including the guidance set forth herein, to reflect future events or circumstances. Considering the uncertain magnitude and variability of the foreign exchange consequences upon "PPA effects", "restructuring costs", "other incidental items" and any interest expense or taxes in future periods, management believes that GAAP financial measures are not available for NXP on a forward looking basis.

Discussion of GAAP to non-GAAP Reconciliations
In addition to providing financial information on a basis consistent with U.S. generally accepted accounting principles ("GAAP"), NXP also provides the following selected financial measures on a non-GAAP basis: (i) "non-GAAP gross profit," (ii) "non-GAAP gross margin," (iii) "non-GAAP Research and development," (iv) "non-GAAP Selling, general and administrative," (v) non-GAAP Other income," (vi) "non-GAAP operating income (loss)," (vii) "non-GAAP operating margin," (viii) "non-GAAP net income/ (loss)," (ix) "PPA effects," (x) "Restructuring costs," (xi) "Other incidental items," (xii) "non-GAAP Financial Income (expense)," (xiii) "non-GAAP Results relating to equity-accounted investees," (xiv) "non-GAAP Cash tax (expense)," (xv) "non-GAAP EPS," (xvi) "EBITDA", "adjusted EBITDA" and "trailing 12 month adjusted EBITDA" and (xvii) "net debt."

In this release, references to:

  • "non-GAAP gross profit," "non-GAAP research and development", "non-GAAP Selling, general and administrative", "non-GAAP Other income", "non-GAAP operating income (loss)" and "non-GAAP net income/ (loss)" are to NXP's gross profit, research and development, selling general and administrative, operating income and net income/ (loss) calculated on a basis consistent with GAAP, net of the effects of purchase price accounting ("PPA"), restructuring costs and certain other incidental items. "PPA effects" reflect the fair value adjustments impacting acquisition accounting and other acquisition adjustments charged to the income statement applied to the formation of NXP on September 29, 2006 and all subsequent acquisitions. "Restructuring costs" consist of costs related to restructuring programs and gains and losses resulting from divestment activities and impairment charges. "Other incidental items" consist of process and product transfer costs (which refer to the costs incurred in transferring a production process and products from one manufacturing site to another) and certain charges related to acquisitions and divestitures. "Other adjustments" include or exclude certain items that management believes provides insight into our core operating results, our ability to generate cash and underlying business trends affecting our performance.

  • "non-GAAP gross margin" and "non-GAAP operating margin" are to our non-GAAP gross profit or our non-GAAP operating income as a percentage of our sales, respectively;

  • "non-GAAP Financial Income (expense)" is the interest income or expense net of impacts due foreign exchange changes on our Euro-denominated debt, gains or losses due to the extinguishment of long-term debt and less other financial expenses deemed to be one-time in nature;

  • "non-GAAP Cash tax (expense)" is the difference between our GAAP tax provision and the cash taxes paid during the period;

  • "non-GAAP EPS" attributable to stockholders are to non-GAAP net income or loss attributable to NXP's stockholders, divided by the weighted average number of common shares outstanding during the period, adjusted for treasury shares held;

  • "EBITDA" are to NXP's earnings before interest, taxes, depreciation and amortization. "EBITDA" excludes certain tax payments that may represent a reduction in cash available to us, does not reflect any cash capital expenditure requirements for the assets being depreciated and amortized that may have to be replaced in the future, does not reflect changes in, or cash requirements for, our working capital needs and does not reflect the significant financial expense, or the cash requirements necessary to service interest payments, on our debts;

  • "adjusted EBITDA" are to EBITDA after adjustments for "restructuring costs," "other incidental items" and results related to equity accounted investees.

  • "trailing 12 month adjusted EBITDA" are to adjusted EBITDA for the last 12 months from the date of this release; and

  • "net debt" is to the sum total of long and short term debt less total cash and cash equivalents, as reflected on the balance sheet.

Reconciliations of these non-GAAP measures to the most comparable measures calculated in accordance with GAAP are provided in the financial statements portion of this release in a schedule entitled "Financial Reconciliation of GAAP to non-GAAP Results (unaudited)."

NXP provides non-GAAP measures because management believes that they are helpful to understand the underlying operating and profit structure of NXP's operations, to provide additional insight as to how management assesses the performance and allocation of resources among its various segments and because the financial community uses them in its analysis of NXP's operating and/or financial performance, historical results and projections of NXP's future operating results. NXP presents "non-GAAP gross profit," "non-GAAP research and development", "non-GAAP Selling, general and administrative", "non-GAAP Other income," "non-GAAP operating income," "non-GAAP net income/ (loss)," "non-GAAP gross margin," "non-GAAP operating margin" and "non-GAAP EPS" because these financials measures are net of "PPA effects," "restructuring costs", "other incidental items," and "other adjustments" which have affected the comparability of NXP's results over the years. NXP presents "EBITDA," "adjusted EBITDA" and "trailing 12 month adjusted EBITDA" because these financials measures enhance an investor's understanding of NXP's financial performance.

Non-GAAP measures should not be considered a substitute for any information derived or calculated in accordance with GAAP, are not intended to be measures of financial performance or condition, liquidity, profitability or operating cash flows in accordance with GAAP, and should not be considered as alternatives to net income (loss), operating income or any other performance measures determined in accordance with GAAP. These non-GAAP measures can vary from other participants in the semiconductor industry. They have limitations as analytical tools and should not be considered in isolation for analysis of NXP's financial results as reported under GAAP.

Conference Call and Webcast Information
NXP will host a conference call on January 31, 2013 at 8:00 a.m. U.S. Eastern Standard Time (2:00 p.m. Central European Time) to discuss its fourth quarter 2012 results and provide an outlook for the first quarter of 2013.

Interested parties may join the conference call by dialing 1 - 800 - 706 - 7749 (within the U.S.) or 1 - 617 - 614 - 3474 (outside the U.S.). The participant pass-code is 78451487. To listen to a webcast of the event, please visit the Investor Relations section of the NXP website at www.nxp.com/investor. The webcast will be recorded and available for replay shortly after the call concludes.

About NXP Semiconductors
NXP Semiconductors N.V. (NASDAQ: NXPI) provides High Performance Mixed Signal and Standard Product solutions that leverage its leading RF, Analog, Power Management, Interface, Security and Digital Processing expertise. These innovations are used in a wide range of automotive, identification, wireless infrastructure, lighting, industrial, mobile, consumer and computing applications. A global semiconductor company with operations in more than 25 countries, NXP posted unaudited revenue of $4.36 billion in 2012. Additional information can be found by visiting www.nxp.com.

Forward-looking Statements
This document includes forward-looking statements which include statements regarding NXP's business strategy, financial condition, results of operations, and market data, as well as any other statements which are not historical facts. By their nature, forward-looking statements are subject to numerous factors, risks and uncertainties that could cause actual outcomes and results to be materially different from those projected. These factors, risks and uncertainties include the following: market demand and semiconductor industry conditions; the ability to successfully introduce new technologies and products; the end-market demand for the goods into which NPX's products are incorporated; the ability to generate sufficient cash, raise sufficient capital or refinance corporate debt at or before maturity; the ability to meet the combination of corporate debt service, research and development and capital investment requirements; the ability to accurately estimate demand and match manufacturing production capacity accordingly or obtain supplies from third-party producers; the access to production capacity from third-party outsourcing partners; any events that might affect third-party business partners or NXP's relationship with them; the ability to secure adequate and timely supply of equipment and materials from suppliers; the ability to avoid operational problems and product defects and, if such issues were to arise, to correct them quickly; the ability to form strategic partnerships and joint ventures and to successfully cooperate with alliance partners; the ability to win competitive bid selection processes to develop products for use in customers' equipment and products; the ability to successfully establish a brand identity; the ability to successfully hire and retain key management and senior product architects; and, the ability to maintain good relationships with our suppliers. In addition, this document contains information concerning the semiconductor industry and NXP's business segments generally, which is forward-looking in nature and is based on a variety of assumptions regarding the ways in which the semiconductor industry, NXP's market segments and product areas may develop. NXP has based these assumptions on information currently available, if any one or more of these assumptions turn out to be incorrect, actual market results may differ from those predicted. While NXP does not know what impact any such differences may have on its business, if there are such differences, its future results of operations and its financial condition could be materially adversely affected. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak to results only as of the date the statements were made. Except for any ongoing obligation to disclose material information as required by the United States federal securities laws, NXP does not have any intention or obligation to publicly update or revise any forward-looking statements after we distribute this document, whether to reflect any future events or circumstances or otherwise. For a discussion of potential risks and uncertainties, please refer to the risk factors listed in our SEC filings. Copies of our SEC filings are available on our Investor Relations website, www.nxp.com/investor or from the SEC website, www.sec.gov.


NXP Semiconductors
Table 1: Condensed consolidated statement of operation (unaudited)
---------------------------------------------------------------------------


($ in millions except
 share data)                 Three Months Ended              Full year
                      -------------------------------  --------------------
                       Dec 31,    Sept 30,   Dec 31,
                         2012       2012       2011       2012       2011
                      ---------  ---------  ---------  ---------  ---------

Revenue               $   1,116  $   1,170  $     931  $   4,358  $   4,194

Cost of revenue            (626)      (634)      (542)    (2,370)    (2,288)
                      ---------  ---------  ---------  ---------  ---------

Gross profit                490        536        389      1,988      1,906

Research and
 development               (171)      (153)      (151)      (628)      (635)
Selling, general and
 administrative            (288)      (236)      (236)      (977)      (918)
                      ---------  ---------  ---------  ---------  ---------
Total operating
 expenses                  (459)      (389)      (387)    (1,605)    (1,553)

Other income
 (expense)                    2         21          5         29          4
                      ---------  ---------  ---------  ---------  ---------

Operating income
 (loss)                      33        168          7        412        357

Financial income
 (expense):
  Interest income
   (expense) - net          (55)       (65)       (74)      (266)      (307)
  Foreign exchange
   gain (loss)               31         48        (65)        28        128
  Gain (loss) on
   extinguishment of
   long term debt          (114)       (11)        (7)      (161)       (32)
  Other financial
   expense                  (15)        (5)       (19)       (38)       (46)
                      ---------  ---------  ---------  ---------  ---------

Income (loss) before
 taxes                     (120)       135       (158)       (25)       100

Benefit (provision)
 for income taxes             7         (6)        (2)        (1)       (21)
Results relating to
 equity-accounted
 investees                   15          2        (15)       (27)       (77)
                      ---------  ---------  ---------  ---------  ---------

Income (loss) from
 continuing
 operations                 (98)       131       (175)       (53)         2
Income (loss) on
 discontinued
 operations, net of
 tax                          -          -          2          1        434
                      ---------  ---------  ---------  ---------  ---------
Net income (loss)           (98)       131       (173)       (52)       436
Net (income) loss
 attributable to non-
 controlling
 interests                  (18)       (16)        (9)       (63)       (46)
                      ---------  ---------  ---------  ---------  ---------
Net income (loss)
 attributable to
 stockholders              (116)       115       (182)      (115)       390

Earnings per share
 data:
Net income (loss)
 attributable to
 stockholders per
 common share

Basic earnings per
 common share in $
  Income (loss) from
   continuing
   operations         $   (0.47) $    0.46  $   (0.74) $   (0.46) $   (0.17)
  Income (loss) from
   discontinued
   operations         $       -  $       -  $    0.01  $       -  $    1.74
                      ---------  ---------  ---------  ---------  ---------
Net income (loss)     $   (0.47) $    0.46  $   (0.73) $   (0.46) $    1.57

Diluted earnings per
 common share
  Income (loss) from
   continuing
   operations         $   (0.47) $    0.45  $   (0.74) $   (0.46) $   (0.17)
  Income (loss) on
   discontinued
   operations         $       -  $       -  $    0.01  $       -  $    1.74
                      ---------  ---------  ---------  ---------  ---------
Net income (loss)     $   (0.47) $    0.45  $   (0.73) $   (0.46) $    1.57

Weighted average
 number of shares of
 common stock (in
 thousands):
Basic                   248,505    247,498    247,586    248,064    248,812
Diluted                 248,505    253,060    247,586    248,064    248,812




NXP Semiconductors
Table 2: Condensed consolidated balance sheet (unaudited)

----------------------------------------------------------------------------

($ in millions)
                                         -----------------------------------
                                           Dec 31,     Sept 30,    Dec 31,
                                             2012        2012        2011
                                         ----------- ----------- -----------

Current assets:
  Cash and cash equivalents              $       617 $       702 $       743
  Accounts receivable - net                      459         470         441
  Other receivables                               51          15          38
  Assets held for sale                            10           8          39
  Inventories                                    715         671         618
  Other current assets                           102         105          87
                                         ----------- ----------- -----------
Total current assets                           1,954       1,971       1,966

Non-current assets:
  Investments in equity-accounted
   investees                                      45          42          37
  Other non-current assets                       128         144         144
  Property, plant and equipment                1,070       1,086       1,063
  Identified intangible assets                   965       1,017       1,171
  Goodwill                                     2,277       2,241       2,231
                                         ----------- ----------- -----------
Total non-current assets                       4,485       4,530       4,646

Total assets                                   6,439       6,501       6,612

Current liabilities:
  Accounts payable                               562         549         455
  Liabilities held for sale                        -           3          21
  Accrued liabilities                            627         513         521
  Short-term debt                                307         244          52
                                         ----------- ----------- -----------
Total current liabilities                      1,496       1,309       1,049

Non-current liabilities:
  Long-term debt                               3,185       3,338       3,747
  Other non-current liabilities                  474         450         459
                                         ----------- ----------- -----------
Total non-current liabilities                  3,659       3,788       4,206

Non-controlling interests                        235         217         212
Stockholders' equity                           1,049       1,187       1,145
                                         ----------- ----------- -----------
Total equity                                   1,284       1,404       1,357

Total liabilities and equity                   6,439       6,501       6,612




NXP Semiconductors
Table 3: Condensed consolidated statement of cash flow (unaudited)

---------------------------------------------------------------------------


($ in millions)              Three Months Ended              Full year
                      -------------------------------  --------------------
                       Dec 31,    Sept 30,   Dec 31,
                         2012       2012       2011       2012       2011
                      ---------  ---------  ---------  ---------  ---------

Cash Flows from
 operating activities
Net income (loss)     $     (98) $     131  $    (173) $     (52)       436
(Income) loss from
 discontinued
 operations, net of
 tax                          -          -         (2)        (1)      (434)
Adjustments to
 reconcile net income
 (loss):
  Depreciation and
   amortization             132        128        151        533        591
  Stock-based
   compensation              16         12         10         52         31
  Net (gain) loss on
   sale of assets            (1)       (19)        (2)       (20)        10
  (Gain) loss on
   extinguishment of
   debt                     114         11          7        161         32
  Results relating to
   equity accounted
   investees                (15)        (2)        15         27         77
Changes in operating
 assets and
 liabilities:
  (Increase) decrease
   in trade
   receivables               18         (8)       (45)        (6)       (60)
  (Increase) decrease
   in inventories           (41)       (20)       (14)       (61)      (104)
  Increase (decrease)
   in trade payables         10         19        (70)       101       (134)
  (Increase) decrease
   in other
   receivables               33          3         28         47         25
  Increase (decrease)
   in other payables         34        (22)       (11)       (35)      (198)
  Changes in deferred
   taxes                     (8)         -          4        (18)        13
Exchange differences        (31)       (48)        65        (28)      (128)
Other items                   1          7          3         22         18
                      ---------  ---------  ---------  ---------  ---------
Net cash provided by
 (used for) operating
 activities                 164        192        (34)       722        175

Cash flows from
 investing
 activities:
  Purchase of
   identified
   intangible assets         (8)        (7)        (5)       (29)       (10)
  Capital
   expenditures on
   property, plant
   and equipment            (46)       (92)       (41)      (251)      (221)
  Proceeds from
   disposals of
   property, plant
   and equipment              1          -          1          2         15
  Proceeds from
   disposals of
   assets held for
   sale                       -          -         11          -         11
  Purchase of
   interests in
   businesses                 -          -          -         (2)         -
  Proceeds from sale
   of interests in
   businesses                (1)        27          -         26          -
  Proceeds from
   return of equity
   investment                12          -          -         12          -
  Other                      (3)         1          1         (1)         3
                      ---------  ---------  ---------  ---------  ---------
Net cash (used for)
 provided by
 investing activities       (45)       (71)       (33)      (243)      (202)

Cash flows from
 financing
 activities:
  Net (repayments)
   borrowings of
   short-term debt            -          4         (1)         -         17
  Repayments under
   the revolving
   credit facility            -       (200)         -       (530)      (600)
  Amounts drawn under
   the revolving
   credit facility          100          -          -        760        200
  Repurchase of long-
   term debt               (802)       (59)    (1,089)    (1,676)    (1,997)
  Principal payments
   on long-term debt         (6)        (5)        (5)       (20)       (10)
  Net proceeds from
   the issuance of
   long-term debt           493          -      1,082        958      1,578
  Dividends paid to
   non-controlling
   interests                  -         (1)         -        (40)       (67)
  Cash proceeds from
   exercise of stock
   options                    6          6          1         14         10
  Purchase of
   treasury shares            -         (3)         -        (40)       (57)
                      ---------  ---------  ---------  ---------  ---------
Net cash provided by
 (used for) financing
 activities                (209)      (258)       (12)      (574)      (926)

Net cash provided by
 (used for)
 continuing
 operations                 (90)      (137)       (79)       (95)      (953)

Cash flows from
 discontinued
 operations:
  Net cash provided
   by (used for)
   operating
   activities                 -          -          -          -         20
  Net cash provided
   by (used for)
   investing
   activities                 -          -        (31)       (45)       791
  Net cash provided
   by (used for)
   financing
   activities                 -          -          -          -         (2)
                      ---------  ---------  ---------  ---------  ---------
Net cash provided by
 (used for)
 discontinued
 operations                   -          -        (31)       (45)       809

Net cash from
 continuing and
 discontinued
 operations                 (90)      (137)      (110)      (140)      (144)
Effect of changes in
 exchange rates on
 cash positions               5          2        (12)        14        (21)
                      ---------  ---------  ---------  ---------  ---------
Increase (decrease)
 in cash and cash
 equivalents                (85)      (135)      (122)      (126)      (165)
Cash and cash
 equivalents at
 beginning of period        702        837        865        743        908
                      ---------  ---------  ---------  ---------  ---------
Cash and cash
 equivalents at end
 of period                  617        702        743        617        743
                      ---------  ---------  ---------  ---------  ---------



NXP Semiconductors
Table 4: Reconcilliation of GAAP to non-GAAP Segment Results (unaudited)

---------------------------------------------------------------------------

($ in millions)              Three Months Ended              Full year
                      -------------------------------  --------------------
                       Dec 31,    Sept 30,   Dec 31,
                         2012       2012       2011       2012       2011
                      ---------  ---------  ---------  ---------  ---------

High Performance
 Mixed Signal (HPMS)        868        901        659      3,282      2,906
Standard Products           198        213        198        832        925
                      ---------  ---------  ---------  ---------  ---------
  Product Revenue         1,066      1,114        857      4,114      3,831
    Manufacturing
     Operations              43         49         62        211        316
    Corporate and
     Other                    7          7         12         33         47
                      ---------  ---------  ---------  ---------  ---------
Total Revenue         $   1,116  $   1,170  $     931  $   4,358  $   4,194
                      =========  =========  =========  =========  =========


---------------------------------------------------------------------------

HPMS Revenue          $     868  $     901  $     659  $   3,282  $   2,906
  Percent of Total
   Revenue                 77.8%      77.0%      70.8%      75.3%      69.3%
  HPMS segment GAAP
   gross profit             453        463        321      1,745      1,573
    PPA effects               -         (1)        (4)       (10)       (18)
    Restructuring            (1)         -        (20)        (1)       (20)
    Other incidentals        (1)        (1)         -         (4)         -
    Other adjustments         -          -          -         46          -
                      ---------  ---------  ---------  ---------  ---------
  HPMS segment non-
   GAAP gross profit  $     455  $     465  $     345  $   1,714  $   1,611
                      =========  =========  =========  =========  =========

    HPMS segment GAAP
     gross margin          52.2%      51.4%      48.7%      53.2%      54.1%
    HPMS segment non-
     GAAP gross
     margin                52.4%      51.6%      52.4%      52.2%      55.4%

  HPMS segment GAAP
   operating profit         119        178         20        527        339
    PPA effects             (47)       (47)       (53)      (198)      (218)
    Restructuring           (26)         1        (38)       (24)       (43)
    Other incidentals        (4)        16          -          -         (1)
    Other adjustments         -          -          -         46          -
                      ---------  ---------  ---------  ---------  ---------
  HPMS segment non-
   GAAP operating
   profit             $     196  $     208  $     111  $     703  $     601
                      =========  =========  =========  =========  =========

    HPMS segment GAAP
     operating margin      13.7%      19.8%       3.0%      16.1%      11.7%
    HPMS segment non-
     GAAP operating
     margin                22.6%      23.1%      16.8%      21.4%      20.7%


---------------------------------------------------------------------------

Standard Products
 Revenue              $     198  $     213  $     198  $     832  $     925
  Percent of Total
   Revenue                 17.7%      18.2%      21.3%      19.1%      22.1%
  Standard Products
   segment GAAP gross
   profit                    41         73         67        238        336
    PPA effects               -         (1)        (1)        (2)        (1)
    Restructuring           (15)         1         (4)       (15)        (5)
    Other incidentals         -          -          -          -          -
                      ---------  ---------  ---------  ---------  ---------
  Standard Products
   segment non-GAAP
   gross profit       $      56  $      73  $      72  $     255  $     342
                      =========  =========  =========  =========  =========

    Standard Products
     segment GAAP
     gross margin          20.7%      34.3%      33.8%      28.6%      36.3%
    Standard Products
     segment non-GAAP
     gross margin          28.3%      34.3%      36.4%      30.6%      37.0%

  Standard Products
   segment GAAP
   operating profit         (12)        22         17         37        141
    PPA effects             (13)       (13)       (14)       (52)       (57)
    Restructuring           (19)         -         (5)       (19)        (6)
    Other incidentals         -          2         (1)         1          -
                      ---------  ---------  ---------  ---------  ---------
  Standard Products
   segment non-GAAP
   operating profit   $      20  $      33  $      37  $     107  $     204
                      =========  =========  =========  =========  =========

    Standard Products
     segment GAAP
     operating margin      -6.1%      10.3%       8.6%       4.4%      15.2%
    Standard Products
     segment non-GAAP
     operating margin      10.1%      15.5%      18.7%      12.9%      22.1%

---------------------------------------------------------------------------



NXP Semiconductors
Table 4: Reconcilliation of GAAP to non-GAAP Segment Results (unaudited)
 (con't)

---------------------------------------------------------------------------


($ in millions)              Three Months Ended              Full year
                      -------------------------------  --------------------
                       Dec 31,    Sept 30,   Dec 31,
                         2012       2012       2011       2012       2011
                      ---------  ---------  ---------  ---------  ---------
Manufacturing
 Operations Revenue   $      43  $      49  $      62  $     211  $     316
  Percent of Total
   Revenue                  3.9%       4.2%       6.7%       4.8%       7.5%
  Manufacturing
   Operations segment
   GAAP gross profit        (10)        (2)        (7)       (22)       (48)
    PPA effects              (2)        (2)        (1)        (8)        (8)
    Restructuring            (4)        (1)         1         (7)       (12)
    Other incidentals        (1)        (1)        (5)        (5)       (18)
                      ---------  ---------  ---------  ---------  ---------
  Manufacturing
   Operations segment
   non-GAAP gross
   profit             $      (3) $       2  $      (2) $      (2) $     (10)
                      =========  =========  =========  =========  =========

    Manufacturing
     Operations
     segment GAAP
     gross margin         -23.3%      -4.1%     -11.3%     -10.4%     -15.2%
    Manufacturing
     Operations
     segment non-GAAP
     gross margin          -7.0%       4.1%      -3.2%      -0.9%      -3.2%

  Manufacturing
   Operations segment
   GAAP operating
   profit                   (15)        (6)       (10)       (36)       (60)
    PPA effects              (6)        (5)        (6)       (23)       (26)
    Restructuring            (4)        (1)         2         (7)       (12)
    Other incidentals        (1)        (2)        (4)        (3)       (17)
                      ---------  ---------  ---------  ---------  ---------
  Manufacturing
   Operations segment
   non-GAAP operating
   profit             $      (4) $       2  $      (2) $      (3) $      (5)
                      =========  =========  =========  =========  =========

    Manufacturing
     Operations
     segment GAAP
     operating margin     -34.9%     -12.2%     -16.1%     -17.1%     -19.0%
    Manufacturing
     Operations
     segment non-GAAP
     operating margin      -9.3%       4.1%      -3.2%      -1.4%      -1.6%


---------------------------------------------------------------------------

Corporate and Other
 Revenue              $       7  $       7  $      12  $      33  $      47
  Percent of Total
   Revenue                  0.6%       0.6%       1.2%       0.8%       1.1%
  Corporate and Other
   segment GAAP gross
   profit                     6          2          8         27         45
    PPA effects               -          -          -          -          -
    Restructuring             -          -          -          -          -
    Other incidentals         -          -          -          -          -
                      ---------  ---------  ---------  ---------  ---------
  Corporate and Other
   segment non-GAAP
   gross profit       $       6  $       2  $       8  $      27  $      45
                      =========  =========  =========  =========  =========

  Corporate and Other
   segment GAAP gross
   margin                    NM         NM         NM         NM         NM
  Corporate and Other
   segment non-GAAP
   gross margin              NM         NM         NM         NM         NM

  Corporate and Other
   segment GAAP
   operating profit         (59)       (26)       (20)      (116)       (63)
    PPA effects               -          -          -          -          -
    Restructuring           (49)        (4)       (18)       (61)       (29)
    Other incidentals        (7)       (11)        (4)       (34)       (44)
                      ---------  ---------  ---------  ---------  ---------
  Corporate and Other
   segment non-GAAP
   operating profit   $      (3) $     (11) $       2  $     (21) $      10
                      =========  =========  =========  =========  =========

  Corporate and Other
   segment GAAP
   operating margin          NM         NM         NM         NM         NM
  Corporate and Other
   segment non-GAAP
   operating margin          NM         NM         NM         NM         NM



NXP Semiconductors
Table 5: Financial Reconcilliation of GAAP to non-GAAP Results (unaudited)

---------------------------------------------------------------------------


($ in millions except
 share data)                 Three Months Ended              Full year
                       ------------------------------  --------------------
                        Dec 31,    Sept 30,   Dec 31,
                         2012        2012      2011      2012        2011
                       --------    --------  --------  --------    --------

Revenue                $  1,116    $  1,170  $    931  $  4,358    $  4,194

GAAP Gross profit      $    490    $    536  $    389  $  1,988    $  1,906
  PPA effects                (2)         (4)       (6)      (20)        (27)
  Restructuring             (20)          -       (23)      (23)        (37)
  Other incidentals          (2)         (2)       (5)       (9)        (18)
  Other adjustments           -           -         -        46           -
                       --------    --------  --------  --------    --------
Non-GAAP Gross profit  $    514    $    542  $    423  $  1,994    $  1,988
                       ========    ========  ========  ========    ========

GAAP Gross margin          43.9%       45.8%     41.8%     45.6%       45.4%

Non-GAAP Gross margin      46.1%       46.3%     45.4%     45.8%       47.4%

  GAAP Research and
   development         $   (171)   $   (153) $   (151) $   (628)   $   (635)
    PPA effects               -           -         -         -           -
    Restructuring           (23)          -       (18)      (22)        (22)
    Other incidentals        (1)         (3)        -       (12)         (2)
                       --------    --------  --------  --------    --------
  Non-GAAP Research
   and development     $   (147)   $   (150) $   (133) $   (594)   $   (611)
                       ========    ========  ========  ========    ========

  GAAP Selling,
   general and
   administrative      $   (288)   $   (236) $   (236) $   (977)   $   (918)
    PPA effects             (64)        (61)      (67)     (253)       (274)
    Restructuring           (55)         (4)      (18)      (67)        (31)
    Other incidentals        (8)        (10)       (7)      (36)        (29)
                       --------    --------  --------  --------    --------
  Non-GAAP Selling,
   general and
   administrative      $   (161)   $   (161) $   (144) $   (621)   $   (584)
                       ========    ========  ========  ========    ========

  GAAP Other income
   (expense)           $      2    $     21  $      5  $     29    $      4
    PPA effects               -           -         -         -           -
    Restructuring             -           -         -         1           -
    Other incidentals        (1)         20         3        21         (13)
                       --------    --------  --------  --------    --------
  Non-GAAP Other
   income (expense)    $      3    $      1  $      2  $      7    $     17
                       ========    ========  ========  ========    ========

GAAP Operating income
 (loss)                $     33    $    168  $      7  $    412    $    357
  PPA effects               (66)        (65)      (73)     (273)       (301)
  Restructuring             (98)         (4)      (59)     (111)        (90)
  Other incidentals         (12)          5        (9)      (36)        (62)
  Other adjustments           -           -         -        46           -
                       --------    --------  --------  --------    --------
Non-GAAP Operating
 income (loss)         $    209    $    232  $    148  $    786    $    810
                       ========    ========  ========  ========    ========

GAAP Operating margin       3.0%       14.4%      0.8%      9.5%        8.5%

Non-GAAP Operating
 margin                    18.7%       19.8%     15.9%     18.0%       19.3%

GAAP Financial income
 (expense)             $   (153)   $    (33) $   (165) $   (437)   $   (257)
  Foreign exchange
   gain (loss) on debt       31          48       (65)       28         128
  Gain (loss) on
   extinguishment of
   long term debt          (114)        (11)       (7)     (161)        (32)
  Other financial
   expense                  (15)         (5)      (19)      (38)        (46)
                       --------    --------  --------  --------    --------
Non-GAAP Financial
 income (expense)      $    (55)   $    (65) $    (74) $   (266)   $   (307)
                       ========    ========  ========  ========    ========

GAAP Income tax
 benefit (provision)   $      7    $     (6) $     (2) $     (1)   $    (21)
  Other adjustments          17           3         4        27           4
                       --------    --------  --------  --------    --------
Non-GAAP Cash tax
 (expense)             $    (10)   $     (9) $     (6) $    (28)   $    (25)
                       ========    ========  ========  ========    ========

GAAP Results relating
 to equity-accounted
 investees             $     15    $      2  $    (15) $    (27)   $    (77)
  Other adjustments          15           2       (15)      (27)        (77)
                       --------    --------  --------  --------    --------
Non-GAAP Results
 relating to equity-
 accounted investees   $      -    $      -  $      -  $      -    $      -
                       ========    ========  ========  ========    ========

GAAP Income (loss)
 from continuing
 operations            $    (98)   $    131  $   (175) $    (53)   $      2
  PPA effects               (66)        (65)      (73)     (273)       (301)
  Restructuring             (98)         (4)      (59)     (111)        (90)
  Other incidentals         (12)          5        (9)      (36)        (62)
  Other adjustments         (66) 1)      37      (102)     (125) 1)     (23)
                       --------    --------  --------  --------    --------
Non-GAAP Income (loss)
 from continuing
 operations            $    144    $    158  $     68  $    492    $    478
                       ========    ========  ========  ========    ========

GAAP Income (loss) on
 discontinued
 operations - net of
 tax                   $      -    $      -  $      2  $      1    $    434
  Other adjustments           -           -         2         1         434
                       --------    --------  --------  --------    --------
Non-GAAP Income (loss)
 from discontinued
 operations            $      -    $      -  $      -  $      -    $      -
                       ========    ========  ========  ========    ========

GAAP Net income (loss)
 attributable to
 stockholders          $   (116)   $    115  $   (182) $   (115)   $    390
  PPA effects               (66)        (65)      (73)     (273)       (301)
  Restructuring             (98)         (4)      (59)     (111)        (90)
  Other incidentals         (12)          5        (9)      (36)        (62)
  Other adjustments         (66)         37      (100)     (124)        411
                       --------    --------  --------  --------    --------
Non-GAAP Net income
 (loss) attributable
 to stockholders       $    126  2)$    142  $     59  $    429  2)$    432
                       ========    ========  ========  ========    ========

  GAAP Weighted
   average shares -
   diluted              248,505     253,060   247,586   248,064     248,812
    Non-GAAP
     Adjustment           5,474           -     2,329     5,007       4,086
                       --------    --------  --------  --------    --------
  Non-GAAP Weighted
   average shares -
   diluted              253,979     253,060   249,915   253,071     252,898
                       ========    ========  ========  ========    ========

GAAP Diluted net
 income (loss)
 attributable to
 stockholders per
 share                 $  (0.47)   $   0.45  $  (0.73) $  (0.46)   $   1.57
Non-GAAP Diluted net
 income (loss)
 attributable to
 stockholders per
 share                 $   0.50    $   0.56  $   0.24  $   1.70    $   1.71

---------------------------------------------------------------------------

1) Includes: During 4Q12: Foreign exchange gain on debt: $31 million; Loss
 on extinguishment of long-term debt: ($114) million; Other financial
 expense: ($15) million; Results relating to equity-accounted investees:
 $15 million; and difference between book and cash income taxes: $17
 million; for the full year 2012: Other adjustments Cost of Revenue $46
 million; Foreign exchange gain on debt: $28 million; Loss on
 extinguishment of long-term debt: $(161) million; Other financial expense:
 $(38) million; Results relating to equity-accounted investees: $(27)
 million; and difference between book and cash income taxes: $27 million.

2) During 4Q12: Includes stock based compensation expense of $16 million;
 for the full year 2012: Includes stock based compensation expense of $48
 million. Stock based compensation expense of $4 million, which resulted
 from a modification, is not included in the full year 2012 non-GAAP
 results.



NXP Semiconductors
Table 6: Adjusted EBITDA (unaudited)

----------------------------------------------------------------------------


($ in millions)              Three Months Ended              Full year
                      -------------------------------  ---------------------
                       Dec 31,    Sept 30,   Dec 31,
                         2012       2012       2011       2012       2011
                      ---------  ---------  ---------  ---------  ----------

Net Income            $     (98) $     131  $    (173) $     (52) $      436
  Income (loss) on
   discontinued
   operations                 -          -          2          1         434
                      ---------  ---------  ---------  ---------  ----------
Income (loss) from
 continuing
 operations           $     (98) $     131  $    (175) $     (53) $        2
                      =========  =========  =========  =========  ==========

Reconciling items to
 EBITDA
  Financial (income)
   expense                  153         33        165        437         257
  Benefit (provision)
   for income taxes          (7)         6          2          1          21
  Depreciation               63         59         78        247         290
  Amortization               69         69         73        286         301
                      ---------  ---------  ---------  ---------  ----------
EBITDA                $     180  $     298  $     143  $     918  $      871
                      =========  =========  =========  =========  ==========

Reconciling items to
 adjusted EBITDA
  Results of equity-
   accounted
   investees                (15)        (2)        15         27          77
  Restructuring 1)           98          3         55        109          85
  Other incidental
   items 1)                  11         (5)         8         34          61
  Other adjustments           -          -          -        (46)          -
                      ---------  ---------  ---------  ---------  ----------
Adjusted EBITDA       $     274  $     294  $     221  $   1,042  $    1,094
                      =========  =========  =========  =========  ==========

Trailing twelve month
 adjusted EBITDA      $   1,042  $     989  $   1,094  $   1,042  $    1,094

----------------------------------------------------------------------------


1) Excluding depreciation property, plant and equipment related to:

     Restructuring            -          1          4          2           5
     Other incidental
      items                   1          -          1          2           1

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It is one thing to build single industrial IoT applications, but what will it take to build the Smart Cities and truly society-changing applications of the future? The technology won’t be the problem, it will be the number of parties that need to work together and be aligned in their motivation to succeed. In his session at @ThingsExpo, Jason Mondanaro, Director, Product Management at Metanga, discussed how you can plan to cooperate, partner, and form lasting all-star teams to change the world and it starts with business models and monetization strategies.
Converging digital disruptions is creating a major sea change - Cisco calls this the Internet of Everything (IoE). IoE is the network connection of People, Process, Data and Things, fueled by Cloud, Mobile, Social, Analytics and Security, and it represents a $19Trillion value-at-stake over the next 10 years. In her keynote at @ThingsExpo, Manjula Talreja, VP of Cisco Consulting Services, discussed IoE and the enormous opportunities it provides to public and private firms alike. She will share what businesses must do to thrive in the IoE economy, citing examples from several industry sectors.
There will be 150 billion connected devices by 2020. New digital businesses have already disrupted value chains across every industry. APIs are at the center of the digital business. You need to understand what assets you have that can be exposed digitally, what their digital value chain is, and how to create an effective business model around that value chain to compete in this economy. No enterprise can be complacent and not engage in the digital economy. Learn how to be the disruptor and not the disruptee.
Akana has released Envision, an enhanced API analytics platform that helps enterprises mine critical insights across their digital eco-systems, understand their customers and partners and offer value-added personalized services. “In today’s digital economy, data-driven insights are proving to be a key differentiator for businesses. Understanding the data that is being tunneled through their APIs and how it can be used to optimize their business and operations is of paramount importance,” said Alistair Farquharson, CTO of Akana.
Business as usual for IT is evolving into a "Make or Buy" decision on a service-by-service conversation with input from the LOBs. How does your organization move forward with cloud? In his general session at 16th Cloud Expo, Paul Maravei, Regional Sales Manager, Hybrid Cloud and Managed Services at Cisco, discusses how Cisco and its partners offer a market-leading portfolio and ecosystem of cloud infrastructure and application services that allow you to uniquely and securely combine cloud business applications and services across multiple cloud delivery models.
The enterprise market will drive IoT device adoption over the next five years. In his session at @ThingsExpo, John Greenough, an analyst at BI Intelligence, division of Business Insider, analyzed how companies will adopt IoT products and the associated cost of adopting those products. John Greenough is the lead analyst covering the Internet of Things for BI Intelligence- Business Insider’s paid research service. Numerous IoT companies have cited his analysis of the IoT. Prior to joining BI Intelligence, he worked analyzing bank technology for Corporate Insight and The Clearing House Payment...
"Optimal Design is a technology integration and product development firm that specializes in connecting devices to the cloud," stated Joe Wascow, Co-Founder & CMO of Optimal Design, in this SYS-CON.tv interview at @ThingsExpo, held June 9-11, 2015, at the Javits Center in New York City.
SYS-CON Events announced today that CommVault has been named “Bronze Sponsor” of SYS-CON's 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. A singular vision – a belief in a better way to address current and future data management needs – guides CommVault in the development of Singular Information Management® solutions for high-performance data protection, universal availability and simplified management of data on complex storage networks. CommVault's exclusive single-platform architecture gives companies unp...
Electric Cloud and Arynga have announced a product integration partnership that will bring Continuous Delivery solutions to the automotive Internet-of-Things (IoT) market. The joint solution will help automotive manufacturers, OEMs and system integrators adopt DevOps automation and Continuous Delivery practices that reduce software build and release cycle times within the complex and specific parameters of embedded and IoT software systems.
"ciqada is a combined platform of hardware modules and server products that lets people take their existing devices or new devices and lets them be accessible over the Internet for their users," noted Geoff Engelstein of ciqada, a division of Mars International, in this SYS-CON.tv interview at @ThingsExpo, held June 9-11, 2015, at the Javits Center in New York City.
Internet of Things is moving from being a hype to a reality. Experts estimate that internet connected cars will grow to 152 million, while over 100 million internet connected wireless light bulbs and lamps will be operational by 2020. These and many other intriguing statistics highlight the importance of Internet powered devices and how market penetration is going to multiply many times over in the next few years.