NXP is one of the top ten semiconductor companies in the world It is a leading enterprise in the field of radar solutions, providing automotive, edge connection, UWB, 5G, Wi Fi 6 and Bluetooth solutions. It is the inventor, standard setter and batch supplier of ZIGBEE/THREAD/NFC/MIFARE/RAIN RFID. NXP predecessor was the semiconductor business unit of Philips Netherlands. In 2006, the business department was separated from Philips and NXP Semiconductors - NXP Semiconductor was officially established. The name NXP comes from "Next Experience", which also retains Philips genes, and emphasizes that NXP has accumulated valuable experience and rich resources in the past 53 years at Philips. At the beginning of NXP independence, CEO Richard Clemmer and the management team established the company strategy to develop market leading and highly differentiated businesses and make profits. In 2015, NXP merged with Freescale, another leading semiconductor company, to further expand its business in the Internet of Things and automotive field, and focused on the development of safe and reliable edge computing, connectivity technology and efficient power management solutions. It has established market leadership in key areas such as ADAS, next-generation electric vehicles, and secure connectivity across the Internet of Things, mobile devices, and automotive ecosystems.