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STMicroelectronics and NXP Merge Wireless Businesses to Expand Product Breadth and Boost Innovation

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Combining complementary organizations and portfolios will improve competitiveness, speed product development and strengthen R&D scale

CEOs to host 6:30pm CET Conference Call to Discuss Transaction

Geneva, Switzerland, and Eindhoven, The Netherlands - April 10, 2008 - NXP--the independent semiconductor company founded by Philips--and STMicroelectronics (NYSE:STM), a leader in delivering advanced solutions for mobile products, today announced their agreement to combine key wireless operations to form a joint-venture company with strong relationships with all major handset manufacturers. The new company will have the scale to better meet customer needs in 2G, 2.5G, 3G, multimedia, connectivity and all future wireless technologies.

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Premiere in China

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For the first time EPCOS is presenting its portfolio of electronic components, modules and systems at electronica & Productronica China 2008 in Shanghai, China. The event, which will be held from March 18 to 20, is one of the highlights on the calendar of the electronics industry in China. At its stand 5412 in Hall E5, EPCOS is placing a special focus on advanced products and solutions for automotive and industrial electronics, as well as for wireless communications and multimedia applications.

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