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NXP Semiconductors N.V. (NXPI), with a market cap of $65.1 billion, is a leading semiconductor company that offers high-performance mixed signal and standard product solutions. The Netherlands-based company’s products are applied across various industries, including automotive, wireless infrastructure, lighting, industrial, mobile, consumer, and computing.
Shares of the chipmaker have slightly outperformed the broader market over the past 52 weeks. NXPI has gained 29.3% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 26.1%. However, in 2024, shares of NXPI are up almost 10.8%, lagging behind SPX's 16.5% gain on a YTD basis.