NXP Supports TU Graz with 450,000 US Dollars
Gratkorn, 13.11.2023 – The NXP Foundation, a non-profit organization of NXP Semiconductors, is providing $450,000USD to Graz University of Technology (TU Graz), Austria for scholarships and lab equipment. The donation will help attract more young talent to the STEM field, promote local development and further expand engagement at the Graz site. The newly opened NXP office in the Data House on Inffeldgasse campus will also further strengthen a cooperative relationship between the university and other electronic players.
On November 13, NXP Austria CTO, Wolfgang Steinbauer, officially presented this funding gift to TU Graz Rector, Horst Bischof, at the TU Graz Data House. Barbara Eibinger-Miedl, Provincial Minister for Economy, Science and Research, was also in attendance. The donation comprises of $225,000 in grants to fund Master scholarships in information security, as well as measures to publicize and promote them. The other $225,000 will go towards the establishment of a laboratory for ultra-wideband technology (UWB) at TU Graz’s Institute for Communication Networks and Satellite Communication.
UWB technology enables extremely precise localization as well as fast data transmissions over short distances. The new UWB measurement laboratory is intended to promote innovation and UWB application in areas such as communications, positioning and sensor technology. For example, testing localization algorithms. The funds are designated primarily for the financing of laboratory equipment to measure system performances, such as optical tracking systems.
“TU Graz is known far beyond the borders of Styria and Austria as an outstanding training location for technical and scientific studies. NXP's donation underscores this and will help TU Graz to further expand its offerings in the all-important STEM field.”
Provincial Councilor, Barbara Eibinger-Miedl
“This donation will allow us to provide exciting research opportunities for our local engineering talent in Austria. This project is extremely close to our hearts. We are very proud of it, because we can combine the innovative strength of NXP and TU Graz and simultaneously be involved in promoting science, engineering and mathematics locally.”
Wolfgang Steinbauer, CTO NXP Austria
“We are particularly pleased with NXP's support of young technical talent at the bachelor's and master's level; it makes an important contribution to the high-quality education of our young STEM talent. At the same time, by situating high-tech companies like NXP on our campus, we succeed in driving innovation at the interface of science and industry and spurring technology transfer.”
TU Graz Rector, Horst Bischof
“Our donation is primarily to be seen as start-up funding, because we hope that our example will inspire many more sponsors to support scholarship holders at TU Graz in the future. Additionally, we want to help make the location even more attractive for talented students from around the world. Graz is NXP's home in Austria and we feel a deep connection to the university and the city. We have already formed close partnerships with a number of higher education institutions here, so it was a particular desire for us to support TU Graz.”
Markus Stäblein, CEO NXP Austria
About NXP Semiconductors
NXP Semiconductors N.V. (NASDAQ: NXPI) brings together bright minds to create breakthrough technologies that make the connected world better, safer and more secure. As a world leader in secure connectivity solutions for embedded applications, NXP is pushing boundaries in the automotive, industrial & IoT, mobile, and communication infrastructure markets while delivering solutions that advance a more sustainable future. Built on more than 60 years of combined experience and expertise, the company has approximately 34,500 team members in more than 30 countries and posted revenue of $13.21 billion in 2022. Find out more at www.nxp.com.
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