NXP Semiconductors N.V. (NASDAQ: NXPI) announced that its subsidiary NXP B.V., together with NXP USA INC. and NXP Funding LLC, has redeemed $750 million in outstanding 3.875% senior notes that were due in June 2026.

The redemption was completed in accordance with the terms of the applicable indenture covering the notes, according to a company statement.

"Our action today is an example of NXP's consistent commitment to an effective capital allocation strategy, which we believe benefits all our shareholders," said Bill Betz, NXP Chief Financial Officer. "We will continue to actively allocate capital in a balanced manner through our ongoing open market share repurchases, predictable cash dividends as well as proactive management of our capital structure."

NXP operates in the automotive, industrial, mobile, and communications infrastructure markets. The Netherlands-based semiconductor company posted revenue of $12.27 billion in 2025 and has operations in more than 30 countries.