NXP Semiconductors (NXP) is driving innovation in the secure connected vehicle, end-to-end security & privacy and smart connected solutions markets. Built on more than 60 years of combined experience and expertise, the company has 31,000 employees in more than 33 countries and posted revenue of $9.5 billion in 2016.
To grow in the highly competitive semiconductor sector, NXP wanted to focus on high-growth market segments that required High Performance Mixed Signal (HPMS) products. That meant divesting its Standard Products business, a transaction valued at $2.75B.
NXP asked Accenture Strategy to help plan and manage the carve-out. Several factors influenced NXP’s decision to team with Accenture Strategy, including its responsive and collaborative approach, experience in divestitures, and deep industry knowledge of the semiconductor industry.
Accenture Strategy quickly deployed a global team of carve-out specialists to help plan and execute the divestiture over a period of just seven months.