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NXP reports better-than-expected Q3, unveils new 2x2 Wi-Fi 6+Bluetooth family of products

Friday 9 October 2020 | 13:41 CET | News
NXP Semiconductors reported better-than expected results for the third quarter, lifted by better demand across all of the company's markets but in particular at Automotive and Mobile. "The business environment has improved at a faster than anticipated pace," CEO Kurt Sievers said, saying this pushed up revenues and gross margins. As a result, the company has increased operating expenses and incentive compensation.

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Categories: Mobile & Wireless
Companies: NXP Semiconductors
Countries: World
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