Nxp Semiconduct Stock Price, News & Analysis

NXP Semiconductors (NASDAQ: NXPI) and TSMC announced the production of NXP's new S32G2 vehicle networking processors and S32R294 radar processors using TSMC's 16nm FinFET technology, enhancing automotive computing. This advancement allows for secure cloud connectivity, over-the-air updates, and improved vehicle architectures. The processors streamline multiple functions into a single System-on-Chip, improving performance and reducing footprint. Both processors are now in volume production, paving the way for future advancements using TSMC’s 5nm process.

NXP Semiconductors has enhanced its Trimension Ultra-Wideband (UWB) platform, integrating it with Bluetooth Low Energy, to improve location accuracy for the Samsung Galaxy SmartTag+. This innovation allows users to locate personal items through the SmartThings Find service, utilizing augmented reality for more intuitive tracking. The Galaxy SmartTag+ is now available in select markets and highlights NXP's commitment to secure, smart connectivity solutions in IoT applications. Overall, this collaboration aims to enhance convenience and security in everyday life.

NXP Semiconductors N.V. (NASDAQ: NXPI) has appointed Joe Kaeser as Vice-Chair of its Board. Kaeser, a non-executive director since 2010, previously served as President and CEO of Siemens AG, significantly reshaping the company during his tenure. His leadership at Siemens, which transformed it into three standalone public companies, is expected to enhance NXP's governance and strategy. The appointment is anticipated to bolster NXP's growth, leveraging Kaeser’s extensive experience in corporate governance and sustainability.

NXP Semiconductors N.V. (NASDAQ: NXPI) announced an interim dividend of $0.5625 per ordinary share for Q2 2021. The dividend, part of its Quarterly Dividend Program, will be paid in cash on July 6, 2021, to shareholders registered by June 15, 2021. Cash dividends are subject to a 15% Dutch withholding tax, which may vary based on individual circumstances. NXP continues to lead in secure connectivity solutions across automotive, industrial, IoT, and more, reporting $8.61 billion in revenue for 2020.

NXP Semiconductors (NASDAQ: NXPI) announced the appointment of Annette Clayton and Anthony Foxx as non-executive directors, effective immediately, during its Annual General Meeting of Shareholders (AGM) on May 26, 2021. Clayton is the CEO of Schneider Electric North America, bringing extensive leadership experience from major corporations. Foxx serves as Lyft's chief policy officer and was formerly the U.S. Secretary of Transportation. The AGM also re-appointed existing Board members and approved all agenda items unanimously.

NXP Semiconductors N.V. (NASDAQ: NXPI) has appointed Andy Micallef as Executive Vice President of Global Operations, effective May 17, 2021. Micallef, previously COO at Marvell Semiconductor, will oversee NXP's manufacturing, quality, and supply chain strategies. He replaces David Reed, who is retiring after over thirty-five years in the semiconductor industry. NXP's President and CEO, Kurt Sievers, expressed excitement for Micallef's leadership experience, which is expected to enhance operational execution at NXP.

NXP Semiconductors N.V. (NASDAQ:NXPI) has successfully completed an offering of $1 billion in 2.500% senior unsecured notes due 2031 and $1 billion in 3.250% senior unsecured notes due 2041. The net proceeds from the 2031 Notes will fund various eligible green projects, including advancements in green chip technology and energy efficiency in manufacturing. The offering complies with U.S. regulations and is guaranteed by NXP. This strategic move aims to bolster NXP's investment in sustainable technologies while also providing liquidity for general corporate purposes.

NXP Semiconductors N.V. (NASDAQ:NXPI) announced the pricing of an offering of $1,000 million senior unsecured notes due 2031 and $1,000 million due 2041. The 2031 Notes will carry an interest rate of 2.500%, while the 2041 Notes will bear 3.250%. Proceeds from the 2031 Notes will be allocated to green projects, including advanced automotive technologies and energy efficiency measures. The offering is set to close on May 11, 2021, subject to customary conditions. The Notes are offered to qualified buyers under applicable regulations and are not registered under the Securities Act.

NXP Semiconductors N.V. (NASDAQ:NXPI) plans to initiate a private offering of senior unsecured notes. These notes will be guaranteed on a senior basis and are intended to finance 'green' projects, including advancements in battery control and energy management for electric vehicles. The net proceeds will also support general corporate purposes. The offering will comply with Rule 144A and Regulation S of the U.S. Securities Act of 1933. The notes are not registered for public offering and will not be available to retail investors in the EEA or the UK.