Chipmaker NXP forecasts downbeat first-quarter revenue on soft demand
1 month, 2 weeks ago

Chipmaker NXP forecasts downbeat first-quarter revenue on soft demand

Live Mint  

Feb 3 - NXP Semiconductors forecast its first-quarter revenue below analysts' estimates on Monday, in a sign of sluggish demand for its chips from industrial and automotive customers. Costly electric vehicles and higher-for-longer interest rates have deterred buyers for several quarters, leading to a chip inventory buildup at clients in the automotive industry — NXP's biggest segment. The global auto sector remains focused on managing production and inventory levels in response to regional demand patterns, which include slower growth in key markets, in some cases related to slower EV adoption rates, S&P Global Mobility said in its auto sales forecast for 2025. But shares of NXP, one of the largest makers of semiconductors used in cars, were up 2% in extended trading, after the company edged past Wall Street estimates for fourth-quarter revenue and profit.

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Nvidia Says New Chip Remains on Track After Forecast Disappoints
Trending News
4 months ago

Nvidia Says New Chip Remains on Track After Forecast Disappoints

Live Mint  

-- Nvidia Corp. assured investors that its new product lineup can maintain the company’s AI-fueled growth run, though the rush to get the chips out the door is proving more costly than expected. Speaking after the release of quarterly results, Chief Executive Officer Jensen Huang said that Nvidia’s highly anticipated Blackwell products will ship this quarter amid “very strong” demand. …

NXP Tumbles After Auto Industry Slump Weighs on Its Forecast
4 months, 2 weeks ago

NXP Tumbles After Auto Industry Slump Weighs on Its Forecast

Live Mint  

-- NXP Semiconductors NV fell in late trading after giving a disappointing forecast for fourth-quarter sales and earnings, hurt by a slowdown in the automotive industry. NXP’s peer, STMicroelectronics NV, last week gave a pessimistic sales outlook through the first quarter, while US chipmaker Texas Instruments Inc. said in October that automotive chips are still suffering from a glut of …

Chipmaker Nvidia will report quarterly earnings and the data will be closely watched
6 months, 3 weeks ago

Chipmaker Nvidia will report quarterly earnings and the data will be closely watched

NPR  

Chipmaker Nvidia will report quarterly earnings and the data will be closely watched The chip company Nvidia is the darling of the AI boom. Microsoft, Google, Facebook, Amazon and others are spending billions of dollars on AI, and they've said they expect to spend billions more, which is why analysts like Matt Bryson are so excited about Nvidia. He's an …

Nvidia’s 4Q revenue, profit soar thanks to demand for its chips used for artificial intelligence
1 year ago

Nvidia’s 4Q revenue, profit soar thanks to demand for its chips used for artificial intelligence

Associated Press  

SANTA CLARA, Calif. — Nvidia Corp., which has seen its value skyrocket over the past year thanks to soaring demand for its graphics chips used for artificial intelligence, posted stronger-than-expected results Wednesday for its latest quarter, with its revenue more than tripling from a year earlier. “It has a massive lead in the growing global AI chip sector but can’t …

TSMC defies chip downturn with record Q4; cuts 2023 capex as demand weakens
2 years, 2 months ago

TSMC defies chip downturn with record Q4; cuts 2023 capex as demand weakens

The Hindu  

Taiwanese chipmaker TSMC reported a forecast-beating 78% rise in quarterly profit on Thursday, as strong sales of advanced chips helped it defy a broader industry downturn that battered cheaper commodity chips. Taiwan Semiconductor Manufacturing Co Ltd, the world's largest contract chipmaker, is a rare bright spot in the global tech industry which is grappling with worsening consumer demand brought about …

Chipmaker Nvidia forecasts robust revenue on AI, metaverse buzz
3 years, 4 months ago

Chipmaker Nvidia forecasts robust revenue on AI, metaverse buzz

Al Jazeera  

The world’s biggest maker of graphics and AI chips expects fourth-quarter revenue to grow above analysts’ expectations. Nvidia Corp on Wednesday forecast fourth-quarter revenue above Wall Street expectations, betting on growth in its data centre business as more internet companies set out to invest in artificial intelligence and the metaverse. The world’s biggest maker of graphics and AI chips expects …

Nvidia sales forecast tops Wall Street expectations, shares rise by 8 percent
6 years, 1 month ago

Nvidia sales forecast tops Wall Street expectations, shares rise by 8 percent

Firstpost  

NVIDIA said it expected revenues for its fiscal 2020 year to be “flat or down slightly”. Chip maker Nvidia Corp on Thursday forecast sales for its current fiscal year that topped Wall Street expectations, sending its shares up 8 percent in late trading. The Santa Clara, California-based company said it expected revenues for its fiscal 2020 year to be “flat …

Qualcomm increases offer for NXP, cuts deal with holders
7 years, 1 month ago

Qualcomm increases offer for NXP, cuts deal with holders

Live Mint  

London/San Francisco: Qualcomm Inc. raised its offer for NXP Semiconductors NV and said it cut a deal with holders, in a bid to close a transaction that may be crucial to its own efforts to fend off a hostile approach by Broadcom Ltd. Qualcomm’s move may not end Broadcom’s attempt to purchase it though, according to Sanford C. Bernstein & …

Qualcomm's raised offer to buy NXP Semiconductors now has backing from Elliott Management
7 years, 1 month ago

Qualcomm's raised offer to buy NXP Semiconductors now has backing from Elliott Management

Firstpost  

Qualcomm said it needs to buy a minimum 70 percent of NXP’s outstanding shares, instead of the 80 percent required in the earlier agreement. U.S. chipmaker Qualcomm Inc raised its offer to buy NXP Semiconductors NV to $127.50 per share on Tuesday, and said it now has the backing of the shareholder group led by Elliott Management that opposed the …

NXP Semiconductor expects self-driving cars to help consolidation in chip sector
8 years, 4 months ago

NXP Semiconductor expects self-driving cars to help consolidation in chip sector

Firstpost  

NXP Semiconductor, the world’s largest chip supplier to the automotive industry, expects efforts to make self-driving cars will lead to more consolidation in its sector, the company’s automotive head told Reuters. The chip industry has been undergoing rapid consolidation as companies try to capture market share, much of it related to connected devices and cars, as smartphone sales growth flattens. …

Qualcomm reports 13.3 percent rise in revenue beating expectations
8 years, 4 months ago

Qualcomm reports 13.3 percent rise in revenue beating expectations

Firstpost  

Smartphone chipmaker Qualcomm Inc, which agreed to buy NXP Semiconductors NV for about $38 billion last week, reported a better-than-expected 13.3 percent rise in quarterly revenue, helped by strong demand, particularly in China. The San Diego-based company, which supplies chips to Android smartphone makers and Apple Inc, reported mobile chip shipments of 211 million for the quarter compared with its …

Qualcomm Spends Big Money To Get In The Car (Chip) Business
8 years, 4 months ago

Qualcomm Spends Big Money To Get In The Car (Chip) Business

NPR  

Qualcomm Spends Big Money To Get In The Car Business Enlarge this image toggle caption Gregory Bull/AP Gregory Bull/AP Smartphone chip maker Qualcomm Inc. has agreed to buy NXP Semiconductors for $38 billion. And after Qualcomm lost some modem chip business in the popular iPhone 7 to Intel, the acquisition could boost its iPhone share thanks to NXP sensor and …

Chipmaker Qualcomm climbs on increased sales forecast
17 years, 1 month ago

Chipmaker Qualcomm climbs on increased sales forecast

China Daily  

Qualcomm Inc, the second-biggest maker of chips that run mobile phones, climbed as much as 8.9 percent in extended trading after the company raised its 2008 sales forecast, citing stronger demand. President Steve Altman predicted growing demand worldwide for his company's technology, countering concern that a possible recession in the United States will hurt sales. Nokia feud Qualcomm gets the …

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