As part of its growth strategy, NXP wanted to sell its Standard Products business, which makes components for the Discretes, Logic and Metal-Oxide Semiconductor Field-Effect Transistors (MOSFETs) markets. By doing so, NXP could focus on high-growth market segments that require HPMS products for use in everything from smart meters to connected cars.
NXP knew that divesting the Standard Products business would be an important but complex undertaking. Complicating matters was the fact that NXP was also in the process of integrating its recent merger of Freescale Semiconductor.
With Accenture Strategy’s help—and in just seven months—NXP successfully divested its Standard Products business, which was “customer facing” on Day 1 and now exists as a standalone company named Nexperia. By having Accenture Strategy manage the carve-out, NXP was able to focus on integrating its Freescale Semiconductor merger and on higher-value HPMS markets.