To The Moon

After the US stock market closed yesterday, semiconductor giant $NXP Semiconductors NV(NXPI)$ released the third quarter results, performance and guidance exceeded market expectations, once again verified that the semiconductor industry has been rebound！ Specifically, NXP's third-quarter revenue was $3.434 billion, with analysts expecting $3.41 billion, down 0.3% from a year earlier, which continues to narrow from the previous two quarters: By business, NXP's largest revenue source is automotive chips, with revenue of $1.89 billion in the third quarter, an increase of 4.8%. Industrial and Internet of Things revenue was $607 million, down 14.9% year-on-year. Communications and others revenue was $559 million, up 7.9% from the same period last year. Mobile revenue was $377 million, down 8% year-over-year, and the decline was significantly narrower than in the previous two quarters: In terms of growth rate, the growth rate of automotive chips continued to slow in the third quarter, similar to other automotive chip giants such as ON, all affected by the destocking of automotive chips, but NXP still maintained positive growth, and management believes that the future is strong, contrary to the guidance of weak on automotive chips. Communications market slowed in the third quarter, and management said the business was weaker than expected, on which NXP and $Texas Instruments(TXN)$ agreed. Although industrial and Internet of Things still maintained a double-digit decline in the third quarter, the decline narrowed, and management believes that industrial market demand is expected to stabilize. Mobile business fell 8% in the third quarter, the decline narrowed sharply. NXP previously revealed that a non-Android customer chip orders higher than the past level, and analysts have speculated that the customer was $Apple(AAPL)$. In addition, combined with $Qualcomm(QCOM)$ and other mobile phone chip giants outlook, NXP mobile business is expected to return to growth. For the fourth quarter, NXP's guidance is as follows, where revenue is between $3.3 billion and $3.5 billion, which will grow by 2.7% year-on-year, obviously bottoming out: According to the previous guidance of the management, it is expected that the revenue in 2024 will be $15 billion, an increase of 13.6% from 2023, although it is not amazing, but it is also a signal of the semiconductor industry recovery!