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Expectations for total revenue in the first quarter of 2020 will be reduced due to the im-pact of the coronavirus.
March 2, 2020
By: DAVID SAVASTANO
Editor, Ink World Magazine
NXP Semiconductors N.V. provided an update to its first quarter 2020 revenue guidance due to potential impacts from the novel coronavirus (COVID 19). “Subsequent to our earnings call on Feb. 3, we now believe that our expectations for total revenue in the first quarter of 2020 will be reduced due to the impact of the coronavirus,” said Richard Clemmer, NXP CEO. “Getting our arms around the actual business impact of the virus has been a challenge given the fluid and dynamic situation, but we wan...
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