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NXP and Thomson sign JV agreement; CEO and CFO named
27 June 2008 | By Síle Mc Mahon | Going Places
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The Memorandum of Understanding signed between NXP Semiconductors and
Thomson in February this year comprised an agreement between the two
companies to combine their can tuner modules operations in a joint
venture. The companies have today announced that the agreement has been
finalized and have named the new management team.
The companies had decided in February that NXP would contribute the CEO of the JV, while Thomson would name the company CFO. Heading up the agreement is Pieter Paumen from NXP, while Philippe Nau of Thomson steps into the role of CFO. The companies expect to arrange a workforce of approximately 4,000 employees, most of whom will be from NXP and Thomson manufacturing operations in Indonesia.
By Síle Mc Mahon