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Benzinga
Benzinga
Business
Anusuya Lahiri

NXP, Maker Of Chips For Your Car, Posts Strongest Growth In Years—But Wall Street Is Not Convinced

NXP Harlan Sur NXPI Semiconductor
any,-,July,13,2017:,NXP Semiconductors

NXP Semiconductors NV (NASDAQ:NXPI) delivered its strongest quarterly growth since 2021, supported by improvements across all regions and end markets.

The company expects an above-seasonal December quarter as automotive shipments align more closely with end demand as industrial and IoT markets show early signs of recovery.

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