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Successful completion of the Standard Products divestment; gross debt reduced to $6.5 billion from $9.2 billion.
May 5, 2017
By: DAVID SAVASTANO
Editor, Ink World Magazine
NXP Semiconductors N.V. reported financial results for the first quarter ended April 2, 2017. “NXP delivered good seasonal results for the first quarter of 2017, with revenue of $2.21 billion, a decline of 1% year on year, and a decline of 9% versus the prior quarter, with period comparisons impacted by the successful divestment of our Standard Products business in early February,” said NXP CEO Richard Clemmer. “Our first quarter performance reflects a confirmation of a return to our ann...
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