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NXP Signs Final Agreement for the Re-industrialization of its Cote de Nacre Site
Caen, France, 13 may 2009 – NXP, the independent semiconductor company founded by Philips, today announced that a new company, named IPDIA, has been created to re-industrialize the company’s Cote de Nacre facility (near Caen in Northwest France). IPDIA, who is supported by the French Ministry of Economy, Industry & Labor and local authorities, and from a capital investment of more than 5 million Euros raised by a consortium of investors including NXP, is purchasing some of the assets from the Cote de Nacre plant (IP, patents and equipment) and is hiring a portion of the staff.
“This agreement is a positive outcome which enables us to create jobs and maintain a unique know-how as well as an innovative technology in the Caen area,” declared Jean-Yves Muller, President and General Manager of NXP France. “This marks the first culmination of the réindustrialisation efforts undertaken by NXP for its Cote de Nacre facility.’
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