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General

NXP Semiconductor reports lower Q3 as expected, amid uncertain mid-term market

Tuesday 29 October 2019 | 12:05 CET | News
NXP Semiconductors reported third quarter results at the high end and even beyond its guidance, and voted in August to raise its dividend for the third quarter by 50 percent to USD 0.375 per share. CEO Richard Clemmer said that while the short-term global demand environment appears to have stabilised, intermediate demand remains uncertain and has not markedly improved. The CEO is confident nevertheless that the company's portfolio investments will address the long-term requirements of its customers.

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Categories: General
Companies: NXP Semiconductors
Countries: World
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