Chipmaker NXP forecasts quarterly revenue below estimates on macroeconomic concerns

By Yahoo! Finance | Nov 4, 2024 at 05:21 PM EST

NXP Semiconductors NV expects lower fourth-quarter revenue due to uncertain demand and economic weakness. The Dutch chipmaker faces challenges in industrial and IoT markets, despite growth in communication infrastructure, mobile, and automotive sectors. CEO Kurt Sievers highlights macro-related weaknesses impacting the company's performance.

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