Dutch chipmaker NXP sees sales growth averaging 6-10% -CEO
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FILE PHOTO: A view of the exterior of NXP semiconductors computer chip fabrication plant in Nijmegen, Netherlands March 14, 2024. REUTERS/Piroschka van de Wouw/File Photo
AMSTERDAM (Reuters) - Dutch-headquartered semiconductor maker NXP expects sales growth averaging 6%-10% over the next three years, CEO Kurt Sievers said on Thursday.
Speaking at the company's investor day in Boston, Sievers said the automotive chipmaker's gross margins should be around 60%, with growth coming from increasing adoption of its S32 platform.
NXP reported third-quarter earnings on Monday that showed weakness in industrial and automotive markets in Europe and the Americas.
(Reporting by Toby Sterling; editing by David Evans)
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