Sievers to hand over to Sotomayor as NXP CEO

Kurt Sievers (pictured right) CEO of NXP Semiconductors is to resign on October 28th and hand over to Rafael Sotomayor (pictured left).

Sievers joined NXP in 1995 and became CEO in 2020. He has been a member of NXP’s executive Kurt Sieversmanagement team since 2009. He lead the strategy development for intelligent edge systems in automotive and Industrial & IoT. In 2019, he led the acquisition of Marvell’s Wi-Fi Connectivity business.

Sotomayor is a 20 year veteran at NXP and president of NXP, overseeing the company’s business lines, manufacturing, China operations and R&D. Before that he was evp of Secure Connected Edge. He has held executive roles at Broadcom, Intel and Motorola.

Rafael SotomayorPrior to joining NXP in 2014, Rafael was vice president of marketing at Broadcom in the wireless connectivity business, and prior to that, he was at Motorola and Intel.


NXP’s Q1 revenues were down 9% to $2.84 billion. NXP said it had a “cautious optimism” that it could continue to navigate a challenging market.


“We are operating in a very uncertain environment influenced by tariffs with volatile direct and indirect effects,” said an NXP statement.

David Manners

David Manners

David Manners has more than forty-years experience writing about the electronics industry, its major trends and leading players. As well as writing business, components and research news, he is the author of the site's most popular blog, Mannerisms. This features series of posts such as Fables, Markets, Shenanigans, and Memory Lanes, across a wide range of topics.

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