AMSTERDAM – NXP Semiconductors (NASDAQ: NXPI) 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.
On Monday, NXP reported third-quarter earnings that showed weakness in industrial and automotive markets in Europe and the Americas.
(Source: Reuters)
NASDAQ: NXPI NXP Semiconductors
Mary Lee is a freelance writer and journalist based in Toronto, Canada. She holds an M.S. degree in business and economic journalism from Columbia University’s Graduate School of Journalism in New York and a certificate in digital marketing from the University of Toronto.
