financetom
Business
financetom
/
Business
/
Dutch chipmaker NXP sees sales growth averaging 6-10% -CEO
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Dutch chipmaker NXP sees sales growth averaging 6-10% -CEO
Nov 9, 2024 12:12 PM

AMSTERDAM, Nov 7 (Reuters) - Dutch-headquartered

semiconductor maker NXP expects sales growth averaging

6%-10% over the next three years, CEO Kurt Sievers said on

Thursday.

Speaking at the company's investor day in Boston, Sievers

said the automotive chipmaker's gross margins should be around

60%, with growth coming from increasing adoption of its S32

platform.

NXP reported third-quarter earnings on Monday that showed

weakness in industrial and automotive markets in Europe and the

Americas.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Bowman Consulting Group Wins $5 Million, Multi-Year Contract Wtih Illinois Tollway
Bowman Consulting Group Wins $5 Million, Multi-Year Contract Wtih Illinois Tollway
Dec 3, 2024
12:03 PM EST, 12/03/2024 (MT Newswires) -- Bowman Consulting Group ( BWMN ) said Tuesday that it won a $5 million, multi-year contract to provide the Illinois Tollway with system-wide, on-call construction management services. The company said it will deliver phase 3 construction management services on an as-needed basis across the Illinois Tollway's 294-mile system and work under the initial...
Exxon Mobil Appoints Dan Ammann as Upstream Head; Barry Engle to Lead Low Carbon Solutions
Exxon Mobil Appoints Dan Ammann as Upstream Head; Barry Engle to Lead Low Carbon Solutions
Dec 3, 2024
12:09 PM EST, 12/03/2024 (MT Newswires) -- Exxon Mobil ( XOM ) said Tuesday its board has appointed Dan Ammann as president of ExxonMobil Upstream, succeeding Liam Mallon, who will retire on Feb. 1. Barry Engle will replace Ammann as president of Low Carbon Solutions, effective Jan. 1, the company said. Price: 117.82, Change: -0.03, Percent Change: -0.03 ...
VSE Completes Acquisition of AE Industrial Partners' Kellstrom Aerospace Unit
VSE Completes Acquisition of AE Industrial Partners' Kellstrom Aerospace Unit
Dec 3, 2024
12:04 PM EST, 12/03/2024 (MT Newswires) -- VSE (VSEC) has completed the acquisition of AE Industrial Partners' unit Kellstrom Aerospace for $200 million, the companies said Tuesday. VSE said it acquired the unit for $185 million in cash and over 172,000 company shares, adding that it funded the cash portion of the acquisition with proceeds from a stock offering and...
Blink Charging Partners With Minor Hotels to Install EV Stations in Mexico
Blink Charging Partners With Minor Hotels to Install EV Stations in Mexico
Dec 3, 2024
12:03 PM EST, 12/03/2024 (MT Newswires) -- Blink Charging ( BLNK ) said Tuesday it has partnered with Minor Hotels Europe & Americas to install electric vehicle charging stations at four NH Hotels in Mexico. The charging stations at NH Puebla Centro Historico, NH Puebla FINSA, NH Queretaro, and NH San Luis Potosi will be equipped with Blink's IQ200 chargers,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved