0
General

NXP Semiconductors lowers revenue guidance for Q1 on Covid 19

Monday 2 March 2020 | 08:57 CET | News
NXP Semiconductors has lowered its guidance for the first quarter, saying revenues will be impacted by the coronavirus (Covid 19) epidemic. The company had guided for a lower Q1 following a very challenging year for the semiconductor industry, but said longer term growth would be helped by new products and its acquisition of Marvell. Revenues were seen at USD 2.195-2.255 billion, the gross margin at 50.8-51.4 percent and the operating profit at USD 165-193 million. The company now expects revenues around USD 50-150 million lower. said.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: General
Companies: Marvell / NXP Semiconductors
Countries: World
::: add a comment
This article is part of dossier

Coronavirus


Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

NXP expects better Q3 after sharply lower Q2

Published 28 Jul 2020 09:38 CET | World
NXP Semiconductor, whose results were hit hard by the coronavirus pandemic in the first quarter, confirmed second quarter ...

NXP Semiconductors says Covid-19 impact worse than expected in Q1

Published 07 Apr 2020 15:08 CET | World
NXP Semiconductors said the Covid-19 outbreak had a worse-than-expected impact on its results in the first quarter. After already ...

NXP streamlines intelligent device, edge-to-cloud development with Microsoft Azure RTOS

Published 03 Apr 2020 09:37 CET | World
NXP Semiconductors expanded its partnership with Microsoft to bring Microsoft Azure RTOS, a real-time operating system (RTOS), to ...

Semiconductor industry wants 'essential business' designation during Covid-19 restrictions

Published 30 Mar 2020 15:42 CET | World
The semiconductor industry wants to be spared from some of the restrictions on business during the Covid-19 pandemic. Ten ...

Aspocomp sees coronavirus keeping FY sales and operating profit unchanged from 2019

Published 10 Mar 2020 12:33 CET | World
Finnish printed circuit board (PCB) vendor Aspocomp said it expects its net sales and operating result for 2020 to be unchanged ...

Marvell unveils new dual 400GbE PHY transceiver for data centres

Published 09 Mar 2020 13:58 CET | World
Marvell has unveiled a new dual 400GbE (Gigabit Ethernet) PHY transceiver with 100GbE serial electrical I/O capabilities. The ...

NXP appoints Sievers its new CEO

Published 06 Mar 2020 09:00 CET | World
NXP Semiconductors has appointed Kurt Sievers its new CEO. Sievers will succeed Richard Clemmer, at the helm since 2009. Clemmer ...

Google, Microsoft cancel upcoming events amid covid-19 epidemic

Published 03 Mar 2020 10:55 CET | United States
Google has cancelled its Cloud Next event in San Francisco and Microsoft its MVP Summit in Seattle, due to the coronavirus ...

Twitter, Facebook pull out of SXSW, Nvidia cancels part of GPU Tech Conference

Published 03 Mar 2020 09:59 CET | United States
Twitter said in a blog post on 1 March that it would be adjusting its travel policy. "On February 29, we informed our people and ...

NXP verlaagt verwachtingen voor Q1 vanwege Covid-19

Published 02 Mar 2020 10:08 CET | World
De vorige guidance was een omzet USD 2,195-2, 255 miljard, de brutomarge op 50,8%-51,4% en het bedrijfsresultaat op USD 165-193 ...

NXP Semiconductors sees long-term growth after lower Q4

Published 04 Feb 2020 10:59 CET | World
NXP Semiconductors reported fourth quarter mainly in line with expectations and said it does believe demand trends within its end ...

NXP to demo UWB m-payment service with NTT Docomo and Sony

Published 14 Jan 2020 12:30 CET | Japan
NXP Semiconductors has announced that its Ultra-Wideband (UWB) service will be used for a live mobile payment demonstration by ...

Marvell completes disposal of wireless ops to NXP, lowers guidance for Q4

Published 09 Dec 2019 09:13 CET | World
NXP has completed its acquisition of Marvell's wireless connectivity portfolio for USD 1.76 billion. The operations include ...

NXP's latest chip turns smartphone into handsfree car key, allows for autonomous parking

Published 12 Nov 2019 11:41 CET | World
NXP Semiconductors has added a new automotive ultra-wide brand (UWB) chip to its UWB portfolio that it says can turn smartphones ...

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

Published 29 Oct 2019 12:05 CET | World
NXP Semiconductors reported third quarter results at the high end and even beyond its guidance, and voted in August to raise its ...

NXP Semiconductors rolls out RoadLINK V2X platform in new VW Golf

Published 28 Oct 2019 17:20 CET | Europe
NXP Semiconductors has announced the roll-out of its RoadLINK vehicle-to-everything (V2X) communication solution in the new ...

NXP releases MCU-based platforms for face recognition and far-field voice control, command recognition

Published 06 Sep 2019 13:08 CET | World
NXP Semiconductors unveiled what it calls the world's first micro-controller (MCU)-based platform for adding offline face and ...

NXP Semiconductors raises quarterly dividend 50%

Published 30 Aug 2019 08:37 CET | World
NXP Semiconductors announced that its board of directors has approved the payment of an interim dividend for the third quarter of ...

NXP Semiconductors Q2 sales fall 3%, sees bigger drop in Q3

Published 30 Jul 2019 09:04 CET | World
NXP Semiconductors reported second-quarter results in line with its guidance and said it has not seen much improvement in market ...

NXP Semiconductors prices USD 1.750 bln worth of senior notes

Published 12 Jun 2019 09:47 CET | World
NXP Semiconductors has priced an offering of USD 750 million worth of senior unsecured notes due 2026 and USD 1 billion worth of ...

NXP premieres EdgeVerse platform brand to support Edge Compute portfolio

Published 11 Jun 2019 11:05 CET | World
NXP Semiconductors said it will launch its EdgeVerse platform brand at the NXP Connects exhibition and user conference. EdgeVerse ...

NXP releases portfolio of RF products for 5G mobile infrastructure

Published 05 Jun 2019 10:47 CET | World
NXP Semiconductors unveiled a portfolio of  RF products for 5G mobile infrastructure, industrial and commercial markets. NXP said ...

NXP Semiconductors buys Marvell Wi-Fi, Bluetooth business for USD 1.76 billion

Published 29 May 2019 14:47 CET | World
NXP Semiconductors is expanding in the wireless market with a deal to take over Marvell's Wi-Fi and Bluetooth businesses. The ...

NXP, Microsoft demonstrate edge-to-cloud machine learning platform for predictive maintenance

Published 08 May 2019 12:03 CET | World
NXP Semiconductors entered into a collaboration with Microsoft to bring AI and machine learning (ML) functionalities for anomaly ...

NXP still uncertain about macro-economic conditions as Q1 comes within guidance, but lower

Published 30 Apr 2019 12:12 CET | World
NXP Semiconductors reported revenues off 8 percent from the year before to USD 2.1 billion in the first quarter, a bit higher ...