The Latest Breaking News from NXP Semiconductors NV

Citi analyst Christopher Danely downgraded NXP Semiconductors NV (NASDAQ:NXPI) to Neutral from Buy with a price target of $190, down from $240 (6.8% upside), as his margin expansion thesis has played out. Danely derived his Buy thesis in February 2021 from the anticipation of superior margin/EPS upside and strength from the automotive end market.…

The rising demand for electric vehicles (EVs) and other autos is expected to significantly drive the demand for auto chips. While the prolonged chip shortage has impacted major auto companies, continued corporate investments to ramp up chip production should aid the sector's growth in the coming months. Therefore, we think…

Taiwan Semiconductor Manufacturing Co Ltd (NYSE:TSM) saw orders for automotive electronics chips accelerating at a faster-than-expected pace, Digi Times reports. TSMC's advanced technology leadership will likely attract an influx of AI chip orders for autonomous driving from vendors including NVIDIA Corp (NASDAQ:NVDA), Qualcomm Inc (NASDAQ:QCOM), Intel Corp (NASDAQ:INTC), and Tesla Inc (NASDAQ:TSLA).  TSMC commanded a more than 90% share of the 7/5nm…

On CNBC’s “Halftime Report Final Trades,” Stephen Weiss of Short Hills Capital Partners named NXP Semiconductors NV (NASDAQ: NXPI) as his pick, noting that the company is scheduled to rep