NXP Semiconductors N.V. is a Dutch global semiconductor manufacturer headquartered in Eindhoven, Netherlands. The company employs approximately 45,000 people in more than 35 countries, including 11,200 engineers in 23 countries. NXP reported revenue of $6.1 billion in 2015, including one month of revenue contribution from recently merged Freescale Semiconductor. On October 27, 2016, it was announced that Qualcomm would buy NXP. NXP said it was the fifth-largest non-memory semiconductor supplier in 2016, and the leading semiconductor supplier for the secure identification, automotive and digital networking industries. The company was founded in 1953, with manufacturing and development in Nijmegen, Netherlands. Known then as Philips Semiconductors, the company was sold to a consortium of private equity investors in 2006, at which point the companys name was changed to NXP.