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Revenue was $3.45 billion, up 20.4% year-on-year.
November 2, 2022
By: DAVID SAVASTANO
Editor, Ink World Magazine
NXP Semiconductors N.V. reported financial results for the third quarter, ended Oct. 2, 2022. “NXP delivered quarterly revenue of $3.45 billion, an increase of 20% year-on-year and above the mid-point of our guidance range. Overall, in the third quarter, we performed very well; however, we were impacted by the weakening macro-environment in our consumer-exposed IoT business. At the same time, demand in both the automotive and industrial markets continues to be resilient, driven by secular and...
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