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NXP Semi shares sink on tariff concerns, CEO Kurt Sievers to step down

By CNBC   |   3 weeks ago
NXP Semi shares sink on tariff concerns, CEO Kurt Sievers to step down

NXP Semiconductor Inc. saw a 6% drop as CEO Kurt Sievers announced his departure. The company beat revenue and profit estimates but highlighted challenges ahead due to market conditions and tariffs. Rafael Sotomayor will take over as president in 2025.

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