The Dutch NXP goes into debt for 2 billion euros for greener semiconductor production

Eindhoven-based NXP Semiconductors sold bonds for USD 2 billion (€ 1.6 billion), it reports Bloomberg. The loan for the company may serve to finance the development of energy-efficient semiconductors for electric vehicles, among other things, the company makes known itself.

Such ‘green bonds’ are negotiable debt securities issued by a company like NXP in exchange for long-term interest. The piece ‘green’ also refers to the investment of the money in question in pre-approved green projects. The press release shows that the development of green chips, beam steering for mobile devices and technologies for smart buildings.

NXP Semiconductors is a former division of Philips and currently operates in more than 30 countries, with some 29,000 employees worldwide. Last year, the company earned sales of USD 8.6 billion.

Sources: Bloomberg, NXP

Source: Hardware Info Compleet by

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