NXP Semiconductors N.V. is a semiconductor manufacturer which particularly supplies chips for the automotive industry, which makes up around 50% of the company's revenues. Currently, NXP are looking to drive growth from the surge in electric vehicles However, its chips are also sold to the industrial, Internet of Things (IoT), mobile, and communication infrastructure markets.. Originally spinning off from Phillips Electronics in 2006, NXP Semiconductor merged with Freescale Semiconductor in 2015. The company has 5 chip manufacturing sites, spread between the USA, Singapore, and the Netherlands.