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NXP Semiconductors sees long-term growth after lower Q4

Tuesday 4 February 2020 | 10:59 CET | News
NXP Semiconductors reported fourth quarter mainly in line with expectations and said it does believe demand trends within its end markets are beginning to improve "moderately" following a "very challenging" semiconductor industry backdrop last year. CEO Richard Clemmer said te company is guiding for a sequentially lower first quarter but expects new products, helped by acquisition of Marvell, to underpin long-term growth, as well as financial and capital return targets.

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Categories: General
Companies: Marvell / NXP Semiconductors
Countries: World
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