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04.02.25 - 06:06
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NXP records sales slump amid industrial downturn (Digitimes)
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NXP Semiconductors reported a 9% revenue decline in the fourth quarter of 2024 to US$3.11 billion amid pricing pressures and increased competition. With conservative guidance for the first quarter of 2025, industry analysts note that while automotive demand remains stable, weakness in other sectors highlights broader economic challenges, particularly in Europe....
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07.01.25 - 04:06
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NXP expects India to account for 8-10% of total revenue (Digitimes)
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After pledging a substantial investment of US$1 billion in India, a nation with an ambitious strategy to develop a robust local electronics and semiconductor industry, NXP Semiconductors anticipates that India will contribute 8-10% to its global revenue. This move is part of the company's broader effort to lessen its dependence on China, where it encounters fierce competition....
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23.07.24 - 14:03
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Futures Flat Ahead Of First Mag7 Reports: Alphabet, Tesla Earnings On Deck (ZeroHedge)
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Futures Flat Ahead Of First Mag7 Reports: Alphabet, Tesla Earnings On Deck
US equity futures reversed earlier losses and were modestly in the green with small-caps leading and Tech lagging, following the partial retracement from yesterday and weaker Semis earnings last night. As of 7:30am, S&P futures are up 0.1%, while Nasdaq futs are 0.1% in the red with Mag7 stocks mostly flat/up ex-NVDA which is -80bps, lower with most other Semis names after disappointing earnings from NXP Semi which dropped 9% in premarket after giving a third-quarter revenue forecast that was weaker than expected. Reports after the close from GOOG/TSLA/TXN are important for the Tech trade. Bond yields are lower, USD is flat, and commodities are weaker though WTI is higher. Macro data is primarily regional activity indicators ahead of tomorrow's Flash PMIs. There is a 2Y bond auction today; rates traders are looking for a modest concession.
In premarket trading, NXP Semiconductors shares dropped 7.9%, after the semicond...
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