NXPI Stock Recent News

Tore Svanberg, Stifel Managing Director, joins 'Closing Bell Overtime' to talk NXP Semiconductors' quarterly earnings.

NXP Semiconductors forecast third-quarter revenue below market estimates on Monday, as it battles slowing demand from automotive customers and rising geopolitical risks, sending its shares down about 8% in extended trading.

EINDHOVEN, The Netherlands, July 22, 2024 (GLOBE NEWSWIRE) -- NXP Semiconductors N.V. (NASDAQ: NXPI) today reported financial results for the second quarter, which ended June 30, 2024. “NXP delivered quarterly revenue of $3.13 billion, consistent with our guidance, with all our focus end-markets performing in-line with our expectations. With our second quarter results and guidance for the third quarter NXP has successfully navigated the cyclical trough in our businesses and we expect to resume sequential growth. We continue to manage what is in our control enabling NXP to drive resilient profitability and earnings in a challenging demand environment,” said Kurt Sievers, NXP President and Chief Executive Officer.

NXP Semiconductors N.V. NXPI will release its second quarter financial results, after the closing bell on Monday, July 22.

In the latest trading session, NXP Semiconductors (NXPI) closed at $271.40, marking a +0.05% move from the previous day.

The latest trading day saw NXP Semiconductors (NXPI) settling at $276.85, representing a +1.82% change from its previous close.

NXP Semiconductors (NXPI) strengthens EV portfolio with ZF Friedrichshafen partnership, boosting its presence in the automotive end-market.

NXP Semiconductors is teaming up with Vanguard International Semiconductor, a company partly owned by TSMC, to build a $7.8 billion chip wafer plant in Singapore. Construction on the new facility will begin in the second half of 2024, with production starting in 2027.

HSINCHU, Taiwan and EINDHOVEN, The Netherlands, June 05, 2024 (GLOBE NEWSWIRE) -- Vanguard International Semiconductor Corporation (“VIS”, TPEx 5347) and NXP Semiconductors N.V. (“NXP”, NASDAQ: NXPI) today announce the plan to create a manufacturing joint-venture VisionPower Semiconductor Manufacturing Company Pte Ltd (“VSMC”) which will build a new 300mm semiconductor wafer manufacturing facility in Singapore. The joint-venture fab will support 130nm to 40nm mixed-signal, power management and analog products, targeting the automotive, industrial, consumer and mobile end markets. The underlying process technologies are planned to be licensed and transferred to the joint venture from TSMC.

EINDHOVEN, The Netherlands, June 04, 2024 (GLOBE NEWSWIRE) -- NXP Semiconductors N.V. (NASDAQ: NXPI) today announced a collaboration with ZF Friedrichshafen AG, a global leader in e-mobility, on next-generation SiC-based traction inverter solutions for electric vehicles (EVs). By leveraging NXP's advanced GD316x high-voltage (HV) isolated gate drivers, the solutions are designed to accelerate the adoption of 800-V and SiC power devices. Safe, efficient and higher performance traction inverters enabled by the GD316x product family can be designed to extend EV range and reduce the number of charging stops while lowering system level costs for OEMs.