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NXP Semiconductors N.V. is a multinational semiconductor manufacturer based in The Netherlands and founded in 2006 as Philips Semiconductors. The company has grown to become one of the largest suppliers of microcontrollers and integrated circuits in the world, specializing in embedded processors, RF and automotive products, security solutions, and digital cryptography technology. Initially focusing on memory chips for computers, NXP has since evolved into an industry leader with more than 45 billion integrated circuit units shipped every year for applications ranging from data storage to wireless networks and connected devices. The company's product portfolio includes low-power System-on-Chip (SoC) solutions for smart home objects such as door locks and connected kitchen appliances; wired & wireless connectivity options for mobile & IoT devices; motor controllers & gate drivers; signal processor ICs for audio/video applications; transceivers compatible with Bluetooth Low Energy (BLE); RFID tags; sensor fusion systems; NFC readers & writers; cryptographic accelerators used in secure payments & data transfer protocols etc. NXP also provides software development support—including custom hardware designs—and offers a range of cloud services to help customers integrate their products faster.