NXP Projects Revenue That Would Top Estimates on Robust Demand
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NXP Semiconductors NV, a major chip supplier to the automotive industry, said it sees strong demand that will drive robust growth for the reminder of the year and into 2022.
The Dutch company reported second-quarter revenue rose 43% from a year earlier to $2.6 billion as global chip shortages continue to drive sales. That compares with the $2.57 billion average estimate from analysts surveyed by Bloomberg.