Joint Venture Developing in Suzhou

(February 2, 2007) EINDHOVEN, the Netherlands and TAIPEI, Taiwan &#151 NXP Semiconductors, founded by Philips Semiconductors, and Advanced Semiconductor Engineering, Inc. (ASE), signed a memorandum of understanding to form a joint venture in Suzhou, China, focused on packaging and test. NXP plans to own 40% of shares; ASE will hold the remaining 60%, subject to final negotiations and necessary regulatory approvals.

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