NXP Gives Bullish Outlook on Effort to Boost Chip Supply
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NXP Semiconductors NV, a major chip supplier to the automotive industry, gave a bullish revenue forecast for the current period.
The Dutch company said fourth-quarter revenue will be $2.93 billion (2.5 billion euros) to $3.08 billion as global chip shortages continue to drive sales. That compares with the $2.91 billion average estimate from analysts surveyed by Bloomberg.