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Dutch chipmaker NXP sees sales growth averaging 6-10% -CEO

Tan KW
Publish date: Thu, 07 Nov 2024, 10:50 PM
Tan KW
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AMSTERDAM - Dutch-headquartered semiconductor maker NXP expects sales growth averaging 6%-10% over the next three years, CEO Kurt Sievers said on Thursday.

Speaking at the company's investor day in Boston, Sievers said the automotive chipmaker's gross margins should be around 60%, with growth coming from increasing adoption of its S32 platform.

NXP reported third-quarter earnings on Monday that showed weakness in industrial and automotive markets in Europe and the Americas.

 


  - Reuters

 

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