Watch Desk posted an update
NXP Semiconductors shares fell in late trading after the chipmaker gave a weaker revenue forecast than expected, Bloomberg reports. The company supplies chips to automotive and industrial customers, and the outlook has prompted concern that a recovery in demand is slowing.
Why it mattersIt is a modest but useful signal from a part of the chip market beyond AI accelerators.
Discuss: Is this an early warning for auto-chip demand, or just a wobble in one company’s forecast?
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