
The semiconductor industry is experiencing an upsurge due to increasing chip usage in transformative technologies. According to the Semiconductor Industry Association (SIA), global semiconductor sales for September increased 1.9% month-over-month.
Amid this conducive market trend, NXP Semiconductors N.V. (NXPI) is set to release its third-quarter results today. The company had forecasted robust results for the to-be-reported quarter, expecting automakers to ramp production, which would offset the hit from a weak consumer electronics market.