NXP

NXP reports Q1 revenue up 12% YoY to $3.18B, above $3.15B est., and forecasts Q2 revenue above est., boosted by the automotive chip market; NXPI jumps 20%+

NXP Semiconductors NV jumped in late trading after giving an upbeat revenue forecast, a sign the chipmaker is bouncing …

NXP reports Q1 revenue up 12% YoY to $3.18B, vs. $3.15B est., and forecasts Q2 revenue above estimates; NXPI jumps 13%+ after hours

Israel-based RAAAM, whose “GCRAM” on-chip memory tech aims to deliver up to 10x power savings relative to high-density SRAM, raised a $17.5M Series A led by NXP

RAAAM Memory Technologies' “GCRAM” promises denser, lower-power on-chip memory as the semiconductor industry races to support next-generation AI processors.

NXP reports Q3 revenue down 2% YoY to $3.17B, vs. $3.16B est., automotive revenue flat YoY to $1.83B, and expects above estimates Q4 revenue of $3.20B to $3.40B

Juby Babu / Reuters :

NXP reports Q2 revenue down 6.4% YoY to $2.93B, vs $2.90B est., and revenue from its communication and infrastructure segment fell 27% YoY to $320M in Q2

Kritika Lamba / Reuters :

NXP says CEO Kurt Sievers plans to retire at the end of 2025, names Rafael Sotomayor as president, and reports Q1 revenue down 9% YoY to $2.84B; NXPI drops 7%+

Jonathan Vanian / CNBC :

Dutch chipmaker NXP agrees to acquire Vienna-based automotive safety software provider TTTech Auto for $625M in cash, aiming to boost its automotive operations

Toby Sterling / Reuters :

NXP and Taiwanese TSMC affiliate Vanguard break ground on a $7.8B plant in Singapore to make 130nm to 40nm chips and are already working on phase two expansion

Josh Xiao / Bloomberg :

NXP Semiconductors reports Q2 revenue down 5% YoY to $3.13B, automotive chip sales down 7% YoY, and forecasts Q3 revenue below $3.35B est.; NXPI drops 9%+

‘NXP Has Successfully Navigated The Cyclical Trough ... And We Expect To Resume Sequential Growth’ Joe Woelfel / Barron's Online : These Stocks Are Moving the Most Today: Tesla, Alphabet, CrowdStrike,...

NXP partners with TSMC-backed Vanguard to build a $7.8B chip wafer plant in Singapore, aiming to begin construction in H2 2024 and production in 2027

- New facility begins construction in second half of 2024  — Region poised to benefit from drive to diversify from China