Nxp Semiconduct Stock Price, News & Analysis

NXP Semiconductors announced that Audi is implementing its Trimension NCJ29Dx Ultra-Wideband (UWB) technology in their new Premium Platform Electric (PPE) vehicles. The technology enables precise, hands-free secure car access functionality through smart mobile devices. Audi Q6 e-tron, featuring NXP's UWB devices, will launch in 2024.

The system uses fine-ranging capabilities to accurately identify driver location relative to the vehicle, enabling secure door unlocking only when the driver is nearby. Drivers can unlock and start their cars hands-free using a digital key on UWB-enabled mobile phones or wearables. The technology complies with IEEE 802.15.4, CCC, and FiRa standards, offering enhanced protection against relay attacks and supporting various cryptographic operations.

NXP Semiconductors has unveiled the S32J family of high-performance Ethernet switches and network controllers, designed to address the complex networking challenges of software-defined vehicles (SDVs). These devices, part of the NXP CoreRide platform, share a common switch core (NETC) with NXP's S32 microcontrollers and processors, enabling seamless integration and software reuse.

Key features of the S32J family include:

• 80Gbps bandwidth with ports ranging from 10Mb to 10Gb
• Dual Arm® Cortex®-R52 cores
• Time-sensitive networking (TSN) compliance
• ASIL-D safety and hardware security engine (HSE)
• MACsec ports for mixed-critical data traffic

The S32J family, combined with the CoreRide platform, offers production-grade networking solutions with pre-integrated software and tooling. A virtual development kit will be available by the end of 2024, with the solution becoming available to OEMs and Tier-1 suppliers in 2025.

NXP Semiconductors (NASDAQ: NXPI) has announced its schedule for releasing third quarter 2024 financial results. The company will disclose these results after the NASDAQ Global Select Market closes on Monday, November 4, 2024. Following this, NXP will host a conference call with the financial community on Tuesday, November 5, 2024, at 8:00 a.m. EST. Interested parties can pre-register for the webcast or obtain an access code to join the live conference call. Additionally, a replay of the call will be made available via webcast for on-demand listening shortly after the call concludes.

NXP Semiconductors has unveiled the Trimension SR250, the industry's first single-chip solution integrating on-chip processing with short-range UWB radar and secure ranging. This innovative product enables new user experiences in autonomous homes and Industrial IoT applications, focusing on location, presence, and motion detection. The SR250 combines low-power short-range UWB radar (6-8.5 GHz), secure ranging, and angle-of-arrival calculations to support various use cases in smart homes and industrial environments.

Key features include 3D AoA, TDOA, and ToF readings accurate to within ±5 cm. The chip can be paired with the EdgeLock SE051W secure element for enhanced security. Developed based on FiRa Consortium 3.0 specifications, it ensures interoperability and simplifies certification. The SR250 is supported by firmware, middleware, and sample applications to streamline development and deployment.

VIS and NXP have officially established the VisionPower Semiconductor Manufacturing Company (VSMC) joint venture in Singapore, following regulatory approvals. The venture will construct a 300mm wafer manufacturing facility with a total investment of $7.8 billion. Construction is set to begin in the second half of 2024, with initial production starting in 2027.

The fab will support 130nm to 40nm mixed-signal, power management, and analog products for automotive, industrial, consumer, and mobile markets. TSMC will provide technology licensing and transfer. By 2029, the facility aims to produce 55,000 300mm wafers per month and create 1,500 jobs, contributing to Singapore's and the global semiconductor ecosystem.

NXP Semiconductors (NASDAQ: NXPI) has announced two significant capital return initiatives. Firstly, the board approved an interim dividend of $1.014 per ordinary share for Q3 2024, payable on October 9, 2024, to shareholders of record as of September 12, 2024. Secondly, the board authorized an additional $2 billion for share repurchases, supplementing the existing $726 million remaining from the previous authorization.

These actions reflect NXP's strong capital structure and the board's confidence in the company's long-term growth and cash flow generation. The dividend will be subject to a 15% Dutch withholding tax, with potential reductions or refunds available for certain shareholders. NXP, a leader in innovative solutions for automotive, industrial & IoT, mobile, and communications infrastructure markets, reported revenue of $13.28 billion in 2023.

NXP Semiconductors (NASDAQ: NXPI) has announced its upcoming 2024 Investor Day, scheduled for November 7, 2024, from 8:00am to 12:30pm EST. The event will be held at the Four Seasons Hotel in Boston and will also be available virtually. It will feature presentations and Q&A sessions with NXP's senior leadership team, followed by a buffet lunch.

Institutional investors and equity analysts can attend in-person by pre-registering on the event website. Virtual attendees can also pre-register through a separate link. The event will be simulcast with audio and video broadcast, and a replay will be accessible on NXP's Investor Relations website for 12 months after the event.

NXP Semiconductors, a leader in innovative solutions for automotive, industrial & IoT, mobile, and communications infrastructure markets, posted revenue of $13.28 billion in 2023.

NXP Semiconductors (NASDAQ: NXPI) reported Q2 2024 results with revenue of $3.13 billion, down 5% year-over-year but in line with guidance. The company expects to resume sequential growth after navigating the cyclical trough. Key highlights include:

- GAAP gross margin of 57.3% and operating margin of 28.7%
- Non-GAAP gross margin of 58.6% and operating margin of 34.3%
- GAAP EPS of $2.54 and non-GAAP EPS of $3.20
- Cash flow from operations of $761 million and free cash flow of $577 million
- Returned $570 million to shareholders through dividends and share repurchases

NXP also announced collaborations on next-gen SiC-based traction inverters for EVs and plans for a new 300mm semiconductor wafer manufacturing facility in Singapore.

NXP Semiconductors (NASDAQ: NXPI) will release its second quarter 2024 financial results after the NASDAQ market closes on July 22, 2024.

The company has scheduled a conference call for the financial community on July 23, 2024, at 8:00 a.m. U.S. Eastern Daylight Time (EDT).

Participants can pre-register for the webcast or get a user-specific access code for the live conference call.

A replay will be accessible on-demand after the call.