NXP Semiconductors N.V.
115.9000
0.22%
115.9000
0.22%
96.0000 118.2000
52 weeks
52 weeks

Mkt Cap 39.05B

Shares Out 336.95M

new Chat
Send me real-time posts from this site at my email

Apple chipmaker NXP looks to autos to outpace rivals' growth

View photo

A man works on a tent for NXP Semiconductors in preparation for the 2015 International Consumer Electronics Show (CES) at Las Vegas Convention Center in Las Vegas, Nevada January 4, 2015. REUTERS/Steve Marcus

By Harro Ten Wolde

FRANKFURT (Reuters) - Chipmaker NXP Semiconductors, the world's top manufacturer of electronics in cars and a producer of chips used in Apple iPhones, gave an upbeat outlook for its growth prospects on Thursday.

The company, which completed its nearly $12 billion acquisition of Freescale last year, told investors it expects to outperform its peers until 2019 by growing at a compound annual rate of between 5 and 7 percent.

NXP also...


More
Cancel
Followers
6