NXP forecasts lower 4Q24 results due to falling auto chip demand and macro issues

Digitimes
By Jessie ShenNov 5, 2024, 1:29 am128 ptsTrending
NXP Semiconductors anticipates that its revenue and profit performance for the fourth quarter of 2024 will be below market expectations, with an estimated range of US$3 billion to US$3.2 billion, as a result of a slowdown in the automotive industry, uncertainty regarding demand in Europe and the US, and general…

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