Austin, Texas, December 24, 2025
NXP Semiconductors N.V. has sold its 153-acre headquarters in Oak Hill, Austin, to improve its manufacturing capabilities. With an investment of over $290 million, the company aims to upgrade its facilities, reinforcing its commitment to the local tech ecosystem and fostering economic growth in Austin. The move reflects NXP’s strategy to meet the growing demand for advanced semiconductor solutions while expanding their presence in the area.
Austin, Texas
NXP Semiconductors N.V., a leading Dutch semiconductor manufacturer, has sold its 153-acre headquarters in Oak Hill, Austin, as part of a strategic plan to enhance its manufacturing capabilities. The company is investing over $290 million to upgrade its facilities, reaffirming its commitment to Austin’s tech ecosystem and supporting local economic growth.
Strategic Relocation and Investment
The sale of the Oak Hill campus is driven by NXP’s need for more advanced operational facilities to meet the increasing demand for high-tech solutions. Austin’s dynamic business environment offers fertile ground for the semiconductor industry’s expansion. Alongside the sale, the company’s significant financial commitment to upgrading its facilities signals a strong belief in the local economy’s potential.
Company Overview
Founded in 2006 as a spin-off from Philips, NXP Semiconductors specializes in semiconductor manufacturing and design, particularly in automotive, industrial, and IoT solutions. The company employs approximately 34,000 people globally and reported revenues of $13.3 billion in 2023. NXP’s decision to divest from the Oak Hill campus aligns with its broader vision of maintaining operations within an ecosystem that supports growth and innovation, ensuring a firm foothold in a city recognized for its technological advances.
Background Context
In September 2023, the Austin City Council unanimously approved a Chapter 380 agreement, granting NXP over $1 million in incentives to support its planned $290 million investment in upgrading its Austin facilities. This agreement aims to foster job growth and technological advancement in the region. NXP’s expansion plans include adding 53 new jobs to its existing workforce of 2,768 in Austin, aligning with the city’s economic development goals.
Key Features
| Feature | Details |
|---|---|
| Company Name | NXP Semiconductors N.V. |
| Headquarters Location | Oak Hill, Austin, Texas |
| Campus Size | 153 acres |
| Strategic Plan | Enhance manufacturing capabilities and expand presence in Austin |
| Investment in Austin | Over $290 million to upgrade facilities |
| City Council Approval | Unanimous approval in September 2023 |
| Company History | Founded in 2006 as a spin-off from Philips |
| Global Presence | Approximately 34,000 employees across more than 30 countries |
FAQ
Why is NXP Semiconductors selling its Oak Hill campus?
The sale is part of NXP’s strategic plan to enhance its manufacturing capabilities and expand its presence in Austin, following a significant investment to upgrade its facilities.
What is NXP Semiconductors’ history in Austin?
Founded in 2006 as a spin-off from Philips, NXP Semiconductors has been a significant presence in Austin, specializing in semiconductor manufacturing and design, particularly in automotive, industrial, and IoT solutions.
Stock Information
NXP Semiconductors N.V. (NXPI) is a publicly traded equity in the USA market. The current stock price is $225.98, with a change of -$3.05 (-1.33%) from the previous close. The latest trade time is Wednesday, December 24, 01:15:00 UTC.
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