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NXP expects better Q3 after sharply lower Q2

Tuesday 28 July 2020 | 09:38 CET | News
NXP Semiconductor, whose results were hit hard by the coronavirus pandemic in the first quarter, confirmed second quarter revenues continued to be affected, especially at its automotive end market. The results were nevertheless in line with forecasts, and the company said it is encouraged by the early positive trends it experienced in China and by the sequentially improved sales out of its distribution channel. NXP expects sales trends to improve in the second half of the year, helped by specific programme ramps and ongoing stabilisation at end markets.

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Categories: General
Companies: NXP Semiconductors
Countries: World
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