DOCSLIB.ORG

Annual Report 2020

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Annual Report 2020 Annual Report 2020 ’ASML ANNUAL2 REPORT 2020 01 Contents 2020 at a glance Leadership and governance 5 Interview with our CEO 105 Corporate governance 7 2020 Highlights 118 Message from the Chair of our Supervisory Board 8 Business as (un)usual 119 Supervisory Board report 134 Remuneration report Who we are and what we do 10 Our company Consolidated Financial Statements 14 Our products and services 147 Report of Independent Registered Public Accounting Firm 17 Our markets 149 Consolidated Statements of Operations 18 Semiconductor industry trends and opportunities 150 Consolidated Statements of Comprehensive Income 22 How we create value 151 Consolidated Balance Sheets 24 Our strategy 152 Consolidated Statements of Shareholders’ Equity 153 Consolidated Statements of Cash Flows What we achieved in 2020 154 Notes to the Consolidated Financial Statements 27 Technology and innovation ecosystem 39 Our people Non-financial statements 53 Our supply chain 200 Assurance Report of the Independent Auditor 59 Circular economy 202 About the non-financial information 65 Climate and energy 204 Non-financial indicators 219 Materiality: assessing our impact CFO financial review 222 Stakeholder engagement 74 Financial performance 80 Financing policy 225 Other appendices 82 Tax policy 248 Definitions 84 Long-term growth opportunities 256 Exhibit index How we manage risk 86 How we manage risk 91 Risk factors 99 Responsible business A definition or explanation of abbreviations, technical terms and other terms used throughout this Annual Report can be found in the chapter Definitions. In some cases numbers have been rounded for readers’ convenience. This report comprises regulated information within the meaning of articles 1:1 and 5:25c of the Dutch Financial Markets Supervision Act (Wet op het Financieel Toezicht). In this report the name ‘ASML’ is sometimes used for convenience in contexts where reference is made to ASML Holding N.V. and/or any of its subsidiaries, as the context may require. © 2021, ASML Holding N.V. All Rights Reserved. ASML ANNUAL REPORT 2020 2 Special note regarding forward-looking expected development of High-NA and its benefits, statements including the expected timing for development of future In addition to historical information, this Annual Report generation EUV systems, expected growth in EUV revenue contains statements relating to our future business and / or the expected benefits of the indirect interest in Carl Zeiss results. These statements include certain projections, SMT GmbH and the acquisition of Berliner Glas, expected business trends and other matters that are "forward- EUV margins and margin improvement in our systems and looking" within the meaning of the Private Securities service via cost reduction and value delivery, expected Litigation Reform Act of 1995. You can generally identify productivity and benefits of our tools, systems, and these statements by the use of words like "may", "will", projects, EUV productivity targets and goals, potential "could", "should", "project", "believe", "anticipate", future innovations and system performance, expected "expect", "plan", "estimate", "forecast", "potential", shipments of our tools and systems, including demand for "intend", "continue" and variations of these words or and timing of shipments, statements with respect to DUV comparable words. They appear in a number of places and EUV competitiveness, the development of EUV throughout this Annual Report and include statements with technology and EUV industrialization, expected respect to our expected trends and outlook, strategies, productivity upgrade releases, enabling high-volume corporate priorities, expected semiconductor industry production of next generation chips and expected designs trends and 2024 market opportunities and roadmap, of such chips and their benefits, and revenue recognition, expected trends in markets served by our customers, predicted growth in wafer production, sustainability targets, expected market growth and drivers of such trends and goals and strategies, shrink being a key driver supporting growth, expected financial results, including expected innovation and providing long-term industry growth, sales, EUV revenue, service revenue, expected trends in lithography enabling affordable shrink and delivering value working capital, gross margin, capital expenditures to customers, sustainability strategy, goals and targets, including expected capital expenditures, R&D and SG&A including circular procurement goals, targeted greenhouse expenses, cash conversion cycle, target and expected gas emission and waste reduction and recycling initiatives effective annualized tax rate, sales targets and outlook for and investments, repair center expansion and targets, our 2021 and other statements under "-Trend Information", expectation of the continuation of Moore’s Law and that annual revenue opportunity and potential and growth EUV will continue to enable Moore’s Law and drive long- outlook for 2025, expected growth in 2021, expected term value for ASML well beyond the current decade, tax continued growth in free cash flow generation, investments strategy, capital allocation policy, dividend policy, our in the future and cash returned to shareholders, our expectation to continue to return cash to our shareholders Strengths, Weaknesses, Opportunities and Threats through share buybacks and dividends including our (SWOT), expected demand for upgrades, semiconductor proposed dividend for 2020 and statements relating to our industry dynamics and industry opportunities, expected share buyback program for 2020-2022, and statements trends in customer demand and demand for particular with respect to the expected impact of accounting systems and upgrades and expected trends in end standards. markets, including Memory, Logic and Foundry, including the continuation of investment by Logic customers in These forward-looking statements are not historical facts, ramping new nodes and stronger lithography demand from but rather are based on current expectations, estimates, memory customers, expected benefits of High-NA and assumptions and projections about the business and our planned target to start shipment of High-NA systems and future financial results and readers should not place undue high-volume production of systems using High-NA by reliance on them. Forward-looking statements do not 2025, 2024 market opportunities for semiconductor guarantee future performance, and actual results may differ industry end markets, expected innovation drivers, materially from projected results as a result of certain risks, expected drivers of long-term stakeholder value, expected and uncertainties. These risks and uncertainties include, trends in DUV systems revenue, expected DUV sales and without limitation, those described under How we manage the expectation that DUV will continue to drive value for our risk - Risk factors. These forward-looking statements are customers and be used in production in most layers of made only as of the date of this Annual Report. We do not their chips, expected benefits of Holistic Lithography and undertake to update or revise the forward-looking expected installed based management revenues, our statements, whether as a result of new information, future supply chain strategies and goals, customer, partner and events or otherwise. industry roadmaps, ASML’s applications business, ASML ANNUAL REPORT 2020 3 2020 at a glance ASML ANNUAL REPORT 2020 4 Interview with our CEO Peter Wennink, Chief Executive Officer How do you look back on 2020? What were the main factors behind ASML’s strong It was a year that affected us all due to the global performance in such a challenging year? COVID-19 pandemic. The impact has been widely felt The global economic consequences of COVID-19 had a across societies and families, as well as in the ASML limited impact on ASML' results. Declining consumer community. But it was also a year that brought new spending on smartphones and automotive was offset by learnings. For me personally, for instance, if you'd asked increasing investments in 'working-from-home' electronics, me 12 months ago if I could lead a company of over datacenters and the communications network 28,000 people of which over 80% were at home, I would infrastructure needed to support an economy where data is have said: “Are you out of your mind? Of course that won't an important driver of economic value and productivity. work!" But this is what happened in 2020 – and it has worked. We even managed to close the acquisition of ASML does not produce these electronic devices or the Berliner Glas Group, and welcomed around 1,600 new software and digital services that run over them, but our colleagues into ASML. systems are essential to manufacture the semiconductors that power this ecosystem. ASML and other While recognizing fully the severity of the pandemic, I also semiconductor equipment peers are an integral part of this see 2020 as a year that underlined the importance of our global electronic ecosystem of many dozens of companies work at ASML. Around the world people were abruptly that generates $400 billion worth of annual taxable profit. It confined to their homes and forced to work from their is the strong performance of our entire ecosystem that study, kitchen or bedroom. What was remarkable is that powered the demand for our products and services this despite this widespread working from home, few year, and enabled us to deliver record results. companies experienced productivity loss. What
Load more

Recommended publications
  • Remuneration Policy for the Board of Management of Asml Holding N.V
    REMUNERATION POLICY FOR THE BOARD OF MANAGEMENT OF ASML HOLDING N.V. (VERSION 2021) Remuneration Policy for the Board of Management of ASML Holding N.V. (version 2021) Public Board of Management Remuneration Policy 2021 This remuneration policy for the Board of Management of ASML Holding N.V. (“BoM”) applies as from January 1, 2021 onwards. The remuneration policy was approved by the Supervisory Board (“SB”) of ASML, upon recommendation of its Remuneration Committee (“RC”) and adopted by the General Meeting (“GM”) on 29 April 2021. The Works Council exercised its right to cast its advisory vote prior to adoption. Remuneration as a strategic instrument The remuneration policy supports the long-term development and strategy of the Company in a highly dynamic environment, while aiming to fulfill all stakeholders’ requirements and keeping an acceptable risk profile. More than ever, the challenge for us is to drive technology, to serve our customers and to satisfy our stakeholders. These drivers are embedded in the identity, mission and values of ASML and its affiliated enterprises and are the backbone of the remuneration policy. The SB ensures that the policy and its implementation are linked to the Company’s objectives. The objective of the remuneration policy is to enable ASML to attract, motivate and retain qualified industry professionals for the BoM in order to define and achieve our strategic goals. The policy acknowledges the internal and external context as well as our business needs and long-term strategy. The policy is designed to encourage behavior that is focused on long-term value creation and the long-term interests and sustainability of the Company, while adopting the highest standards of good corporate governance.
    [Show full text]
  • (NASDAQ: ASML) Recommendation: Long I Current Stock Price
    ASML Holding NV (NASDAQ: ASML) Recommendation: Long I Current stock price: $651 I 5-year target price: $245 / $1,039 / $1,371 (Bear / Base / Bull) All financial and valuation information is presented in Euro Shradha Mani I sm4843 I [email protected] I April 22, 2021 ASML is a market leader (almost a monopoly) in lithography equipment, an advanced, precision technology which is essential to the manufacture of semiconductor chips. In turn, semiconductors power our phones, computers, automobiles and are basically the foundation of technology as we know it today. Thus, the semiconductor industry (customers of ASML) is poised for strong secular growth. “We provide our customers with everything they need – hardware, software and services – to mass produce patterns on silicon, allowing them to increase the value and lower the cost of a chip.” ASML’s essential position in the semiconductor ecosystem, and its product lines are described below1: . Lithography systems that print the tiny features that form the basis of a microchip with precision. These systems can be new or refurbished. o Extreme Ultraviolet Lithography Systems o Deep Ultraviolet Lithography Systems . Metrology and Inspection Systems measure the quality of patterns on chips and help locate and analyze chip defects . Computational Lithography algorithms optimize the manufacturing process to minimize defects . Customer Support and Service What does ASML do i.e. how does it earn revenue and who are the company’s customers ? Revenue disaggregation 2018 2019 2020 Extreme UV lithography
    [Show full text]
  • United States District Court for the Western District of Texas Waco Division
    Case 6:20-cv-01211 Document 1 Filed 12/31/20 Page 1 of 83 UNITED STATES DISTRICT COURT FOR THE WESTERN DISTRICT OF TEXAS WACO DIVISION Ocean Semiconductor LLC, Civil Action No.: 6:20-cv-1211 Plaintiff JURY TRIAL DEMANDED v. PATENT CASE NVIDIA Corporation (“NVIDIA”), Defendant. COMPLAINT FOR PATENT INFRINGEMENT Plaintiff Ocean Semiconductor LLC (“Ocean Semiconductor” or “Plaintiff”) files this Complaint against NVIDIA Corporation (“NVIDIA” or “Defendant”), seeking damages and other relief for patent infringement, and alleges with knowledge to its own acts, and on information and belief as to other matters, as follows: NATURE OF THE ACTION 1. This is an action for patent infringement arising under the Patent Laws of the United States, 35 U.S.C. § 1 et seq. THE PARTIES 2. Plaintiff Ocean Semiconductor is a limited liability company organized and existing under the laws of the State of Delaware, and its registered agent for service of process in Delaware is Rita Carnevale, 717 N. Union Street, Wilmington, DE 19805. Case 6:20-cv-01211 Document 1 Filed 12/31/20 Page 2 of 83 3. On information and belief, Defendant NVIDIA is a corporation organized and existing under the laws of Delaware, with its principal place of business at 2701 San Tomas Expressway, Santa Clara, CA 95050. NVIDIA is registered with the State of Texas and may be served with process through its registered agent, Corporation Service Company d/b/a CSC- Lawyers Incorporating Service Company, 211 E. 7th St., Suite 620, Austin, TX 78701. On information and belief, NVIDIA has a regional office in this District, including at least at 11001 Lakeline Blvd., Building 2, Suite 100, Austin, TX 78717.
    [Show full text]
  • Product Engineer Program Apply Now the Product/Test Engineers at Texas Instruments Are Powered by a Passion for Continual Improvement
    Product Engineer Program Apply Now The Product/Test Engineers at Texas Instruments are powered by a passion for continual improvement. Our solutions make a real difference, and yours will, too. We make the semiconductor product design process easier and faster, which helps our customers succeed in today's fast-paced marketplace. Opportunities are available in North America and Asia. About the job In this role, you will work on the development and implementation of strategies that achieve profitability targets on assigned TI product lines through a variety of new product development, cost reduction, capacity expansion and yield enhancement projects. You will serve as the primary point of contact for all operational aspects related to your assigned product portfolio, resolve customer quality and application issues, and facilitate cross- functional teams for problem solving. You will also take a leadership role to establish relationships with key contacts in TI wafer fabrication and assembly manufacturing sites to ensure strong communication and effective problem solving. About the program In this empowering, two-year rotation program, you will be on an accelerated development track that’s focused on the product development cycle. As a program participant, you will rotate through four six-month assignments centered on improving product efficiency and quality, which contributes directly to the company’s bottom line. Here, you will have the opportunity to establish solid customer relationships and make deep and meaningful connections. You will also have the chance to be mentored and develop strong collaboration skills through cross-functional group interaction and international travel. Program participants begin with a two-week orientation.
    [Show full text]
  • From Sand to Circuits
    From sand to circuits By continually advancing silicon technology and moving the industry forward, we help empower people to do more. To enhance their knowledge. To strengthen their connections. To change the world. How Intel makes integrated circuit chips www.intel.com www.intel.com/museum Copyright © 2005Intel Corporation. All rights reserved. Intel, the Intel logo, Celeron, i386, i486, Intel Xeon, Itanium, and Pentium are trademarks or registered trademarks of Intel Corporation or its subsidiaries in the United States and other countries. *Other names and brands may be claimed as the property of others. 0605/TSM/LAI/HP/XK 308301-001US From sand to circuits Revolutionary They are small, about the size of a fingernail. Yet tiny silicon chips like the Intel® Pentium® 4 processor that you see here are changing the way people live, work, and play. This Intel® Pentium® 4 processor contains more than 50 million transistors. Today, silicon chips are everywhere — powering the Internet, enabling a revolution in mobile computing, automating factories, enhancing cell phones, and enriching home entertainment. Silicon is at the heart of an ever expanding, increasingly connected digital world. The task of making chips like these is no small feat. Intel’s manufacturing technology — the most advanced in the world — builds individual circuit lines 1,000 times thinner than a human hair on these slivers of silicon. The most sophisticated chip, a microprocessor, can contain hundreds of millions or even billions of transistors interconnected by fine wires made of copper. Each transistor acts as an on/off switch, controlling the flow of electricity through the chip to send, receive, and process information in a fraction of a second.
    [Show full text]
  • Intel and ASML Reach Agreements to Accelerate Key Next-Generation Semiconductor Manufacturing Technologies
    July 9, 2012 Intel and ASML Reach Agreements to Accelerate Key Next-Generation Semiconductor Manufacturing Technologies NEWS HIGHLIGHTS ● Intel commits €829 million (approximately $1.0 billion) to ASML's research and development programs to help accelerate deployment of new technologies for 450-millimeter (mm) wafers and extreme ultra-violet (EUV) lithography by as much as two years ● Intel to also initially purchase 10 percent of pre-transaction issued shares of ASML for €1.7 billion (approximately $2.1 billion) and commit to purchase an additional 5 percent of post-transaction issued shares as part of ASML's program to enable minority investments of up to a 25 percent equity stake to its largest customers ● R&D funding and equity investment agreements totaling €3.3 billion (approximately $4.1 billion) ● Continued research and development in the field of lithography is critical to the long-term growth of the semiconductor industry SANTA CLARA, Calif.--(BUSINESS WIRE)-- Intel Corporation today announced it has entered into a series of agreements with ASML Holding N.V. intended to accelerate the development of 450-millimeter (mm) wafer technology and extreme ultra-violet (EUV) lithography totaling €3.3 billion (approximately $4.1 billion). The objective is to shorten the schedule for deploying the lithography equipment supporting these technologies by as much as two years, resulting in significant cost savings and other productivity improvements for semiconductor manufacturers. To achieve this, Intel is participating in a multi-party development program that includes a cash contribution by Intel to fund relevant ASML research and development (R&D) efforts as well as equity investments in ASML.
    [Show full text]
  • Annual Report 2017/18 of the ZEISS Group
    Annual Report 2017/18 ZEISS Group Financial Highlights (IFRSs) 2017/18 2016/17 2015/16 € m % € m % € m % Revenue 5,817 100 5,348 100 4,881 100 » Germany 610 10 621 12 612 13 » Other countries 5,207 90 4,727 88 4,269 87 Research and development expenses 642 11 552 10 436 9 EBIT 772 13 770 14 615 13 Consolidated profit/loss 535 9 561 10 404 8 Cash flows from operating activities 576 445 425 Cash flows from investing activities -334 -642 -357 Cash flows from financing activities -89 258 -207 Total assets 7,903 100 7,317 100 5,658 100 Property, plant and equipment 1,028 13 973 13 979 17 » Capital expenditures 244 183 154 » Amortization, depreciation and impairment 164 160 155 Inventories 1,391 18 1,275 17 1,118 20 Equity 3,763 48 3,429 47 1,416 25 Net liquidity 2,120 1,986 568 Employees as of 30 September 29,309 26,945 25,433 » Germany 12,067 11,339 10,770 » Other countries 17,242 15,606 14,663 Further information at: www.zeiss.com/annualreport Content Fiscal Year 2017/18 Foreword from the Executive Board 4 Expert Interview 6 Fiscal Year Highlights 10 Represented Worldwide 12 Future-Shaping Segments 13 Responsible Behavior 14 Ownership Structure 15 Report of the Supervisory Board 16 Supervisory Board of Carl Zeiss AG 18 Corporate Governance 18 Group Management Report The ZEISS Group 20 Report on Economic Position 22 Non-Financial Key Performance Indicators 31 Risk and Opportunity Report 34 Subsequent Events 38 Report on Expected Developments 39 Consolidated Financial Statements Consolidated Income Statement 42 Consolidated Statement of Comprehensive
    [Show full text]
  • Monthly Holdings: U.S. Technology Leaders Strategy
    J.P. Morgan U.S. Technology Leaders Strategy As of August 31, 2021 Sector Ticker Security Name Percent Autos & Transportation VRM VROOM INC 0.72% TSLA TESLA INC 2.59% Autos & Transportation Sub Total 3.31% CASH & CASH EQUIVALENTS USD United States Dollar 1.83% CASH & CASH EQUIVALENTS Sub Total 1.83% Consumer Cyclical BKNG BOOKING HOLDINGS INC 1.55% Consumer Cyclical Sub Total 1.55% Financial Services SHOP SHOPIFY INC - CLASS A 0.42% SQ SQUARE INC - A 1.44% PYPL PAYPAL HOLDINGS INC 1.74% Financial Services Sub Total 3.60% Industrial Cyclical APH AMPHENOL CORP-CL A 1.34% Industrial Cyclical Sub Total 1.34% Insurance LMND LEMONADE INC 0.88% Insurance Sub Total 0.88% Media NFLX NETFLIX INC 0.75% UBER UBER TECHNOLOGIES INC 1.08% SNAP SNAP INC - A 1.13% TTD TRADE DESK INC/THE -CLASS A 1.20% TTWO TAKE-TWO INTERACTIVE SOFTWRE 1.38% AMZN AMAZON.COM INC 1.57% ESTC ELASTIC NV 1.64% ROKU ROKU INC 1.71% LYFT LYFT INC-A 1.74% MELI MERCADOLIBRE INC 1.75% DIS WALT DISNEY CO/THE 1.84% TWTR TWITTER INC 2.10% GOOG ALPHABET INC-CL C 4.37% FB FACEBOOK INC-CLASS A 4.67% Media Sub Total 26.92% Pharm/MedTech DXCM DEXCOM INC 1.46% Pharm/MedTech Sub Total 1.46% Semi & Hardware AMBA AMBARELLA INC 0.39% OLED UNIVERSAL DISPLAY CORP 0.65% CFLT CONFLUENT INC-CLASS A 0.87% AMAT APPLIED MATERIALS INC 0.92% J.P. Morgan U.S. Technology Leaders Strategy As of August 31, 2021 Sector Ticker Security Name Percent RBLX ROBLOX CORP -CLASS A 0.95% AFRM AFFIRM HOLDINGS INC 1.07% CREE CREE INC 1.12% MRVL MARVELL TECHNOLOGY INC 1.19% ENTG ENTEGRIS INC 1.31% MKSI MKS INSTRUMENTS INC
    [Show full text]
  • Po R Tfo Lio C O M M En Ta
    2Q21 Global & International Equity Global Research Growth Equity Market Environment • Global equity markets ended the second quarter with solid gains, despite concerns about the strength of the economic recovery. • Progress on vaccine distribution brightened the prospect that the pandemic is nearing an end and that reopenings of various parts of the economy would progress. However, some countries, particularly emerging markets nations, continued to experience delays in vaccine rollouts. • Rising inflation and the prospect of higher interest rates triggered volatility in markets, where leadership fluctuated between stocks perceived as value oriented and those perceived as growth oriented. Anxiety about the potential for rate hikes eased after the Federal Reserve (Fed) reiterated it is in no rush to tighten monetary policy. Performance Summary For the quarter ended June 30, 2021, the Portfolio outperformed its benchmark, the MSCI All Country World Growth IndexSM. The strong performance of select consumer and communications holdings lifted relative results. Conversely, weak stock selection within the health care and financials sectors weighed on results. PORTFOLIO For detailed performance information, please contact a Janus Henderson Institutional team representative. Portfolio Discussion On an individual stock basis, top relative contributors included software firm Adobe. The stock benefited from quarterly earnings results that surpassed consensus COMMENTARY estimates across all areas of the business on both the top and bottom lines. We view the continued strong demand that Adobe has enjoyed in its creative, document and experience cloud business segments as supportive of our thesis that growth is sustainable beyond the pandemic. The Blackstone Group also contributed. Notable increases in fee-related earnings and solid fundraising helped the investment firm log strong first quarter financial results.
    [Show full text]
  • Wafer Fabrication: Factory Performance and Analysis Series: the Springer International Series in Engineering and Computer Science, Vol
    L.F. Atherton, R.W. Atherton Wafer Fabrication: Factory Performance and Analysis Series: The Springer International Series in Engineering and Computer Science, Vol. 339 This book is concerned with wafer fabrication and the factories that manufacture microprocessors and other integrated circuits. With the invention of the transistor in 1947, the world as we knew it changed. The transistor led to the microprocessor, and the microprocessor, the guts of the modern computer, has created an epoch of virtually unlimited information processing. The electronics and computer revolution has brought about, for better or worse, a new way of life. This revolution could not have occurred without wafer fabrication, and its associated processing technologies. A microprocessor is fabricated via a lengthy, highly-complex sequence of chemical processes. The success of modern chip manufacturing is a miracle of technology and a tribute to the hundreds of engineers who have contributed to its development. This book will delineate the magnitude of the accomplishment, and present methods to analyze and predict the performance of the factories that make the chips. The set of topics covered juxtaposes several disciplines of engineering. A primary subject is the chemical engineering aspects of the electronics industry, an industry typically thought to be strictly 1996, XX, 468 p. an electrical engineer's playground. The book also delves into issues of manufacturing, operations performance, economics, and the dynamics of material movement, topics often considered the domain of industrial engineering and operations research. Hopefully, Printed book we have provided in this work a comprehensive treatment of both the technology and the factories of wafer fabrication.
    [Show full text]
  • Advanced Micro Devices (AMD)
    Strategic Report for Advanced Micro Devices, Inc. Tad Stebbins Andrew Dialynas Rosalie Simkins April 14, 2010 Advanced Micro Devices, Inc. Table of Contents Executive Summary ............................................................................................ 3 Company Overview .............................................................................................4 Company History..................................................................................................4 Business Model..................................................................................................... 7 Market Overview and Trends ...............................................................................8 Competitive Analysis ........................................................................................ 10 Internal Rivalry................................................................................................... 10 Barriers to Entry and Exit .................................................................................. 13 Supplier Power.................................................................................................... 14 Buyer Power........................................................................................................ 15 Substitutes and Complements............................................................................ 16 Financial Analysis ............................................................................................. 18 Overview ............................................................................................................
    [Show full text]
  • NXP Welcomes E. Meurice As New Non-Executive Director
    NXP Welcomes E. Meurice as New Non-Executive Director March 28, 2014 EINDHOVEN, THE NETHERLANDS -- (Marketwired) -- 03/28/14 -- NXP Semiconductors N.V. (NASDAQ: NXPI) announced that today's Extraordinary General Meeting of Shareholders resolved to appoint Mr. Eric Meurice as non-executive director in the Board of Directors, effective April 1, 2014. Mr. Meurice is until March 31, 2014 the Chairman of ASML Holding NV, the world's leading provider of lithography systems for the semiconductor industry. From 2004 to 2013 he was the CEO of ASML. Mr. Meurice also gained extensive technology experience in the semiconductor industry between 1984 and 1994, first at Intel, in the micro-controller group, and then at ITT Semiconductors Group, a leader then in video and audio DSP integrated circuits. "I am excited to be able to welcome Eric Meurice as non-executive director," said Sir Peter Bonfield, Chairman of the Board of Directors of NXP. "He brings a tremendous amount of semiconductor industry expertise and experience to our Board of Directors. With his appointment, the majority of our board consists of independent directors." About NXP Semiconductors NXP Semiconductors N.V. (NASDAQ: NXPI) creates solutions that enable secure connections for a smarter world. Building on its expertise in High Performance Mixed Signal electronics, NXP is driving innovation in the automotive, identification and mobile industries, and in application areas including wireless infrastructure, lighting, healthcare, industrial, consumer tech and computing. NXP has operations in more than 25 countries, and posted revenue of $4.82 billion in 2013. Find out more at 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 other statements that are not historical facts.
    [Show full text]