Dutch chipmaker NXP sees sales growth averaging 6-10% -CEO

reuters11-07

AMSTERDAM, Nov 7 (Reuters) - Dutch-headquartered semiconductor maker NXPNXPI.O expects sales growth averaging 6%-10% over the next three years, CEO Kurt Sievers said on Thursday.

Speaking at the company's investor day in Boston, Sievers said the automotive chipmaker's gross margins should be around 60%, with growth coming from increasing adoption of its S32 platform.

NXP reported third-quarter earnings on Monday that showed weakness in industrial and automotive markets in Europe and the Americas.

(Reporting by Toby Sterling; editing by David Evans)

((toby.sterling@thomsonreuters.com;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2481183715?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-11-07 22:06","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2481183715","market":"us","top_or_hot":-1,"title":"Dutch chipmaker NXP sees sales growth averaging 6-10% -CEO","media":"reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>Dutch chipmaker NXP sees sales growth averaging 6-10% -CEO </title></head><body><p>\n<span>AMSTERDAM, Nov 7 (Reuters)</span><span> - </span>Dutch-headquartered semiconductor maker NXP<span>NXPI.O</span> expects sales growth averaging 6%-10% over the next three years, CEO Kurt Sievers said on Thursday.</p><p>Speaking at the company's investor day in Boston, Sievers said the automotive chipmaker's gross margins should be around 60%, with growth coming from increasing adoption of its <span>S32 platform</span>.</p><p>NXP reported <span>third-quarter earnings</span> on Monday that showed weakness in industrial and automotive markets in Europe and the Americas.</p><p> (Reporting by Toby Sterling; editing by David Evans)</p><p> ((toby.sterling@thomsonreuters.com;))</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Dutch chipmaker NXP sees sales growth averaging 6-10% -CEO</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDutch chipmaker NXP sees sales growth averaging 6-10% -CEO\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-07 22:06 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20241107:nS8N3GX09C:2><strong>reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Dutch chipmaker NXP sees sales growth averaging 6-10% -CEO \nAMSTERDAM, Nov 7 (Reuters) - Dutch-headquartered semiconductor maker NXPNXPI.O expects sales growth averaging 6%-10% over the next three ...</p>\n\n<a href=\"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20241107:nS8N3GX09C:2\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20241107:nS8N3GX09C:2","article_id":"2481183715","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2481183715","pubTimestamp":1730988417,"sourceInfo":null,"weMediaInfo":{"media_name":"reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"AMSTERDAM, Nov 7  - Dutch-headquartered semiconductor maker NXPNXPI.O expects sales growth averaging 6%-10% over the next three years, CEO Kurt Sievers said on Thursday.Speaking at the company's investor day in Boston, Sievers said the automotive chipmaker's gross margins should be around 60%, with growth coming from increasing adoption of its S32 platform.NXP reported third-quarter earnings on Monday that showed weakness in industrial and automotive markets in Europe and the Americas.  ","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"荷兰芯片制造商恩智浦首席执行官预计销售额平均增长6-10%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NXPI":0.9},"content_text":"Dutch chipmaker NXP sees sales growth averaging 6-10% -CEO \nAMSTERDAM, Nov 7 (Reuters) - Dutch-headquartered semiconductor maker NXPNXPI.O expects sales growth averaging 6%-10% over the next three years, CEO Kurt Sievers said on Thursday.Speaking at the company's investor day in Boston, Sievers said the automotive chipmaker's gross margins should be around 60%, with growth coming from increasing adoption of its S32 platform.NXP reported third-quarter earnings on Monday that showed weakness in industrial and automotive markets in Europe and the Americas. (Reporting by Toby Sterling; editing by David Evans) ((toby.sterling@thomsonreuters.com;))","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2481183715"}