On 23rd May 2008, the Commission received a notification of a proposed concentration by which the ndertakings STMicroelectronics NV (‘STM’, The Netherlands) and NXP BV (‘NXP’, The Netherlands) acquire joint control of a newly created company constituting a joint venture.

STMicroelectronics NV: STMicroelectronics is one of the world’s largest semiconductor companies with net revenues of US$10.0 billion in 2007. The Company’s sales are well balanced among the semiconductor industry’s five major high-growth sectors (percentage of ST’s sales in 2007): Communications (37%), Consumer (17%), Computer (16%), Automotive (15%) and Industrial (15%).

NXP BV:  NXP is a top 10 semiconductor company founded by Philips more than 50 years ago. Headquartered in Europe, the company has 37,000 employees working in more than 20 countries and posted sales of USD 6.3 billion in 2007. NXP creates semiconductors, system solutions and software that deliver better sensory experiences in mobile phones, personal media players, TVs, set-top boxes, identification applications, cars and a wide range of other electronic devices.

Business activities of the Joint Venture are: Semiconductor products for mobile telecommunications.

The Commission invites interested third parties to submit their possible observations on the proposed operation to the Commission. Observations must reach the Commission no later than 12th May 2008 to:

European Commission
Directorate-General for Competition,
Merger Registry
J-70
B-1049 Bruxelles/Brussel

or fax ((32-2) 296 43 01 or 296 72 44)