NXP Earnings Highlight ADAS Growth And Automotive Decline

NXP is the leading supplier of both automotive processing and infotainment applications processors. 30% of our auto business is focused on high growth sectors like ADAS and electrification which has grown at nearly 40% in compounded growth rate since 2015 and which we expect to continue to grow at 20% - 25% to 30% compounded growth rate as the businesses becomes more material in size.

Sievers later noted that while industry analyst IHS projects 2019 global car production to decrease 1% from 2018, the Q1 decline in Chinese car production fell 13%. Sievers inferred that this indicates a rebound is likely in the second half of 2019.- including microcontrollers and infotainment processors - NXP's design wins in categories like ADAS and battery management systems helped.

Battery management systems, the computational devices that monitor and operate battery cells, are a small segment of the automotive market today but have the potential for explosive growth over the next few years. Clemmer disclosed:

Well.. Some american tech companies have hyper powerfull technologies for autonomous driving. But non of them was in this statement which means that author of this have lack of information about them. One company presented their latest tech which is capable full self driving.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

LIVE: Here come Intel's Q1 earningsOne week after new CEO Bob Swan's surprise move to get out of the smartphone business, Intel is set to report its Q1 earnings. 😆😂a joke in itself.
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »

Deutsche Bank earnings: 201 million euros for Q1 net profit, up 67% year-on-year
La source: CNBC - 🏆 12. / 72 Lire la suite »

RBS earnings: £707 million for Q1 net profit, vs £792 million last year
La source: CNBC - 🏆 12. / 72 Lire la suite »

BP earnings: Q1 net profit comes in at $2.4 billion, vs. $2.3 billion expectedU.S. President Donald Trump, three of his children, as well as the Trump Organization sued Deutsche Bank and Capital One in an effort to block the banks from responding to congressional subpoenas.
La source: CNBC - 🏆 12. / 72 Lire la suite »

Volkswagen earnings: Q1 operating profit comes at 3.9 billion euros, vs. 3.9 billion euros expectedIn a report issued at its Global Supertrends Conference, Credit Suisse discussed 'the most significant societal changes' that could result in tangible investment opportunities.
La source: CNBC - 🏆 12. / 72 Lire la suite »

Intel dipped down over 6% after CEO Bob Swan says it's 'taking a more cautious view of the year' as it slashes its earnings forecastOne week after new CEO Bob Swan's surprise move to get out of the smartphone business, Intel reported its Q1 earnings. Stock fell 6% after the bell.
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »