(Oslo, Norway - April 9, 2024) 

Nordic Semiconductor is strengthening its executive management team with
additional business leadership and streamlining organizational structure with
four new technology-centric business units.

Øyvind Strøm joins Nordic to lead the new Short-Range business unit, which
includes our Bluetooth, 802.15.4 based and proprietary 2.4GHz technologies.

Øyvind Birkenes joins the company to lead the new Long-Range business unit
covering our Cellular IoT, DECT NR+ and cloud efforts. 

Interim SVP R&D Joakim Ferm has been promoted to lead the new Wi-Fi business
unit. 

The new Power Management business unit will temporarily be led by Kjetil
Holstad, EVP Strategy & Product Management. 

"Building on Nordic's proven platform and world-class engineering teams, this
new structure will sharpen our product- and customer focus, enabling increased
agility and market responsiveness throughout product development cycles. We
invest significant resources in product development, and this is an important
step forward towards generating higher returns on our investment over time",
says Nordic Semiconductor CEO Vegard Wollan. 

Wollan took over as CEO of Nordic Semiconductor at the beginning of 2024.

Øyvind Strøm, EVP of the new Short-Range business unit, has more than 25 years
of semiconductor experience from various global product- and business leadership
roles in Atmel and Microchip. He was heading Microchip's European
microcontroller business for several years, and comes from the position as CEO
of the Schibsted company Sentinel Software.

Øyvind Birkenes, EVP of the new Long-Range business unit, has spent the last ten
years as CEO of Airthings. He holds extensive management and technology
experience, and also led the Low Power Wireless semiconductor business of Texas
Instruments for many years. Birkenes knows Nordic well from his previous tenure
as a board member.
Strøm and Birkenes will join Nordic with effect from mid-April 2024.

Joakim Ferm, SVP of the new Wi-Fi business unit, came to Nordic from Nokia
almost 16 years ago and has held various positions in product design and project
management across Nordic's short-range, long-range and Wi-Fi product ranges.
Ferm will also continue to fill the role as interim SVP R&D during the
transition to the new company structure.

The three will join Vegard Wollan's executive management team, which also
includes CFO and EVP Finance Pål Elstad, EVP Sales & Marketing Geir Langeland,
EVP Supply Chain Ole-Fredrik Morken, EVP Strategy & Product Management Kjetil
Holstad, EVP People & Communication Katarina Finneng, SVP Quality Ola Bostrøm,
and SVP IR Ståle Ytterdal.

The reorganization into a new company structure with the four new
technology-centric business units will be implemented through 2024. The
reorganization will not affect Nordic's external financial reporting structure
in 2024.

"Since taking the helm at the beginning of 2024, Vegard has already driven
important and impactful changes at Nordic. This streamlining of the company's
execution model will support both ongoing and future product development
projects and further strengthen customer relationships and commercial
delivery.", says Birger Steen, Chair of the Board of Nordic Semiconductor.    

For further information, please contact:

Ståle Ytterdal, SVP IR - Nordic Semiconductor ASA
Phone: +47 930 37 430
Mail: steel.ytterdal@nordicsemi.no

For media inquiries:
Jan Petter Stiff - Capient AS
Phone: +47 995 13 891
Mail: jps@capientco.com

About Nordic Semiconductor: 
Nordic Semiconductor is 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 the Oslo
stock exchange in Norway. 

For more information, go to www.nordicsemi.com