Industrial sales help NXP hit guidance figures: Page 2 of 2

July 29, 2020 //By Nick Flaherty
NXP sees automotive slump, industrial sales up
NXP saw a similar decline in automotive to other chip makers, but also sees a bounce back in the second half of the year.   
past quarter,” he said. “Additionally, we continue to run our internal factories significantly below normal operating levels, avoiding building excess inventory.”

For Q3, the company sees the same improvements as Texas Instruments and STMicroelectronics as markets recover in the second half of the year. The company expects Q3 revenue at $2bn, down about 12 percent on Q3 2019 but up 10 percent from Q2.

”Automotive is expected to be down in the low 20 percent range versus Q3 2019, and up about 20 percent versus Q2 2020. Industrial and IoT is expected to be up in the mid teens range versus Q3 2019 and is expected to be up in the mid teens range versus Q2 2020,” said Sievers. “Mobile is expected to be down in the low teens range versus Q3 2019. Again, the year-on-year trends are being impacted by the sale of the voice and audio business. On a sequential basis, mobile is expected to be up about 10 percent versus Q2 2020.”

www.nxp.com

Related articles


Vous êtes certain ?

Si vous désactivez les cookies, vous ne pouvez plus naviguer sur le site.

Vous allez être rediriger vers Google.