NXP Semiconductors NV (NXP) is a manufacturer of semiconductor products and solutions. The company’s products find applications in automotive, industrial, IoT, mobile, and communication infrastructure. It sells products to original equipment manufacturers (OEMs), contract manufacturers, and distributors.

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NXP strives to improve existing products and develop new ones for both existing and new markets. The company's R&D efforts are primarily directed toward the development of new semiconductor solutions, targeting applications that require stringent overall system and subsystem performance. Its R&D unit is a global team of highly skilled semiconductor and embedded software design engineers with expertise in RF, analog, power management, interface, security, and digital processing. As of December 2023, the company had over 9,500 patents. In FY2023, the company incurred an expense of US$2,418 million on R&D, which as a percentage of revenue stood at 18.2%.