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 Semiconductors reports Q3 revenue down 0.3% YoY to $3.43B, beating $3.4B est., and forecasts Q4 earnings in line with est. due to stable industrial demand
Chavi Mehta / Reuters :
NXP Semiconductors CEO Kurt Sievers estimates the EU must invest €500B to achieve its 20% global chip market share goal by 2030, short of the Chips Act's €43B
Tristan Fiedler / Politico :
Federal jury rules Intel doesn't infringe two patents owned by VLSI Technology, in the second of three $1B+ trials over patents once owned by NXP Semiconductors
Bloomberg :
Intel ordered to pay $2.18B after a federal court jury in TX found it infringed two patents once owned by NXP Semiconductors and now owned by VLSI Technology
- Intel had claimed royalty demands of VLSI were ‘outrageous’ — NXP would get a share of any damage award, Intel lawyer said
Intel sues SoftBank-owned Fortress, which has acquired a patent portfolio from NXP Semiconductors, claiming Fortress engages in patent troll-like behavior
Stephen Nellis / Reuters :
NXP Semiconductors to buy Wi-Fi and Bluetooth connectivity business of Marvell Technology Group in an all-cash deal valued at $1.76B
- Assets generated about $300 million in revenue in 2019 — First major deal for NXP since failed takeover by Qualcomm
Qualcomm says it will drop its $44B offer and pay a $2B breakup fee to NXP as the deadline passed with no approval from China
SAN FRANCISCO/BEIJING (Reuters) - The deadline for Qualcomm Inc (QCOM.O) to buy NXP Semiconductors (NXPI.O) passed at midnight U.S. eastern time without any word …
Qualcomm raises its bid for NXP Semiconductors from ~$38B to ~$44B, or from $110 to $127.50 per share, in an effort to win shareholder support
(Reuters) - U.S. chipmaker Qualcomm Inc (QCOM.O) raised its offer to buy NXP Semiconductors NV (NXPI.O) to $127.50 per share from $110 …
Qualcomm says EU and South Korean regulators cleared its $39B acquisition of NXP Semiconductors after Qualcomm agreed to changes to assuage competition fears
Natalia Drozdiak / Wall Street Journal :