(Oslo, Norway -June 13, 2022 ) Nordic Credit Rating (NCR) has today assigned a first-time long-term issuer rating of 'BBB' with a 'Stable' outlook toNordic Semiconductor ASA . NCR comments: "Our 'BBB' long-term issuer rating on Norwegian semiconductor companyNordic Semiconductor ASA reflects the company's strong balance sheet and low financial leverage. The rating also reflects the company's strong position in growing niche markets within wireless communication technology and the internet of Things (IoT) in particular, including products that help monitor various kinds of environmental impact.Nordic Semiconductor has strong customer relationships with world-leading technology companies." The credit reports from Nordic Credit Rating was published today and can be found here: https://nordiccreditrating.com/. For further information, please contact:Pål Elstad , CFO Nordic Semiconductor ASA Phone: +47 991 66 293Ståle Ytterdal , SVP IR Nordic Semiconductor ASA Phone: +47 930 37 430 AboutNordic Semiconductor :Nordic Semiconductor has been a pioneer in ultra- low power wireless solutions, from proprietary technologies for PC accessories to today's Bluetooth low energy and multiprotocol products and long-range cellular IoT solutions.Nordic Semiconductor is the clear market leader in the ultra-low power wireless segment, serving a growing market in consumer electronics, wearables, building and retail, healthcare and an increasing number of other verticals and applications.Nordic Semiconductor (NOD) is a public company listed on theOslo stock exchange inNorway . For more information go to www.nordicsemi.com This information is subject to the disclosure requirements according to §5-12 in the Norwegian Securities Trading Act.
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