Reported about 18 hours ago
NXP Semiconductors NV has announced the appointment of Rafael Sotomayor as the new CEO, succeeding Kurt Sievers who is retiring. The company reported a challenging market environment influenced by tariffs, leading to a forecasted revenue decline. NXP's shares dropped significantly, reflecting concerns over weak demand in the chip market. Despite these challenges, the company remains cautiously optimistic about navigating the uncertain landscape.
Source: YAHOO