NXP records strong revenue growth in third quarter
The Netherlands-based chip manufacturer NXP posted revenue of about €3.5 billion ($3.45 billion) in the third quarter of this year.
NXP achieved 20 percent more revenue than in the same period last year. The growth follows a great quarter in the automotive industry.
Revenue in the automotiv... Read more
NXP: ‘Chips Act makes too little money available to reach target’
The support package for European chip makers won't be enough to reach the European Union's goal, according to NXP's CEO. The chip giant calculated that the market needs €500 billion in investments, while the support package only provides €43 billion.
The European Union wants to have a 20 pe... Read more
NXP turnover increases substantially
NXP saw its turnover increase substantially in the first quarter of this year. In particular, automotive chipset sales grew strongly.
In the first quarter of 2022, the chip manufacturer realised a total turnover of 3.14 billion dollars (2.99 billion euros) -- no less than a 22 percent increase ... Read more
Odyssey founds European repair center for chip manufacturing equipment
Odyssey is expanding into Europe with a 'high tech repair center' in The Netherlands. The American organization specializes in repairs of radio frequency equipment. Odyssey works for large customers in the chip industry, including NXP.
The impact of the global chip shortage goes beyond scarcity.... Read more
NXP achieves record sales in 2021
NXP managed to book record sales of over 10 billion euros ($11.6 billion) in 2021. This was 28 percent more than in 2020. Chipsets for the automotive sector brought in the most revenue last year.
The Dutch chip manufacturer is performing well, its 2021 results show. In the fourth quarter of 2021... Read more
NXP’s chip products all deliver double-digit growth
NXP Semiconductors, the Dutch chipmaker, beat expectations by a narrow margin, even though it fell short on earnings. This information comes from the recent first-quarter financial results announcements on Monday.
The report says that the company made a profit (before costs like stock compensati... Read more
Intel needs to pay billions after lost patent lawsuit
Processor manufacturer Intel has been ordered to pay 2.18 billion dollars to VLSI Technologies because the company is said to have infringed two patents held by VLSI.
It is not clear which patents are at issue, other than that they concern technologies for making processors faster. For the two i... Read more
NXP no longer considers new conversations with Qualcomm relevant
Last Sunday, the G20 summit took place in Buenos Aires. At the summit, Chinese President Xi Jinping and American President Donald Trump spoke to each other. It turned out that their conversation was about the off-track takeover of the Dutch NXP by the American chipmaker Qualcomm, among other things.... Read more
NXP acquires OmniPHY to develop Ethernet for cars
The Dutch NXP announced today that it is taking over OmniPHY. The company is engaged in autonomous vehicles, with which NXP hopes to take steps in the field of Ethernet solutions developed for cars. The intention is to make NXP a one-stop shop for technology.
According to NXP, the acquisition will h... Read more