NXP Semiconductors shares slide as auto weakness dents forecast

By Yahoo! Finance | Jul 23, 2024 at 07:45 AM EST

NXP Semiconductors' stock dropped 9% in premarket trading due to a disappointing revenue forecast, especially in the automotive segment. Concerns arose over delayed demand recovery. Peers like Onsemi, Texas Instruments, and Microchip also saw their shares decline.

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