NXP Semiconductors, a Dutch chipmaker, is reportedly planning to sell its longtime Austin campus amid a workforce reduction.
A Dutch chipmaker is planning to sell its Austin campus, long home to its U.S. headquarters, amid a workforce reduction of undisclosed size.
NXP Semiconductors NV plans to market the 155-acre campus in southwest Austin, according to unidentified sources cited by the Austin Business Journal.
NXP moved to the campus — which houses some of the company’s corporate, research and development and manufacturing operations — in 2015 after it acquired Freescale Semiconductor, a Motorola spinoff.
The news comes after former NXP employees posted on social media that the company had laid off some of its workforce.
As of Monday, NXP had not filed notice with the Texas Workforce Commission, but the company said earlier this month it had “commenced a focused reduction” of roles in Austin that fell below the threshold triggering the federal Worker Adjustment and Retraining Notification Act.
The company declined to specify how many roles had been cut.
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Along with its headquarters at 6501 W. William Cannon Drive, NXP has a roughly 960,000-square-foot facility in East Austin at 3949 Ed Bluestein Blvd. The company once had about 4,000 employees between the two campuses, although several rounds of layoffs have occurred since that figure was reported.
NXP is reportedly looking for new office spaces as it transitions from its Oak Hill campus. In a statement to the Austin Business Journal, the company said it is “exploring options for a new office space driven by the need to modernize and create a vibrant environment that enhances how we work and engage.”
Neither NXP Semiconductors nor its brokers responded to multiple calls and emails seeking comment.
The headquarters sale marks a sharp turnaround from a few years ago, when NXP planned expansions at its two Austin campuses, aided in part by $291 million in incentives approved by Austin City Council. That agreement was terminated earlier this year.
Freescale Semiconductor operated at the southwest Austin site from 1974 until its acquisition. NXP employs about 33,000 people globally and operates factories in Arizona, Singapore and the Netherlands, but earlier this month announced plans to shutter its Phoenix-area plant.