NXP Semiconductors NV (LTS:0EDE)
$ 228.88 -5.3119 (-2.27%) Market Cap: 58.04 Bil Enterprise Value: 65.31 Bil PE Ratio: 22.29 PB Ratio: 6.31 GF Score: 84/100

NXP Semiconductors NV to Acquire Marvell's Wifi and Bluetooth Connectivity Assets Call Transcript

Jun 20, 2019 / 12:00PM GMT
Release Date Price: $97.15 (+1.76%)
Operator

Good day, ladies and gentlemen, and welcome to the NXP Semiconductors Investor Call. (Operator Instructions) And as a reminder, this conference is being recorded.

I would now like to hand the call over to Mr. Jeff Palmer. You may begin.

Jeff Palmer
NXP Semiconductors N.V. - VP of IR

Thank you, Amanda, and good morning, everyone. Welcome to our call today. The goal of today's call is to discuss the technical and business benefits of the recently announced acquisition of Marvell's WiFi and Bluetooth connectivity assets, which we expect to close by Q1 2020 subject to customary closing conditions, including any regulatory approvals.

With me on the call today is Kurt Sievers, NXP's President; Rafael Sotomayor, Senior Vice President of Secured Transactions and Identification Solutions; and Geoff Lees, Senior Vice President of Microcontrollers. All will be available for the Q&A portion of the call.

Before we begin the call today, I'd like to highlight a few items. The call is being recorded and will be available for replay within 24

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