“It’s a little bit of a schizophrenic state of affairs,” Sievers mentioned. “I’m nonetheless in my seat, combating buyer shortages; whereas, after all from a macro perspective, you’d assume the world goes below.”
NXP generates about half its income from the gross sales of chips utilized in autos. The Eindhoven, Netherlands, firm has posted speedy progress fueled by the growing use of semiconductors in automobiles. That’s persevering with as the availability of the digital parts nonetheless can’t meet all the trade’s orders.
Like many different chipmakers, NXP doesn’t manufacture all of its semiconductors in-house, as an alternative outsourcing manufacturing to suppliers akin to Taiwan Semiconductor Manufacturing Co. These foundries are swamped with orders they’re struggling to fill.
NXP, in its assertion, cited continued sturdy demand within the markets for auto, industrial and related gadgets.
Within the interval ended July 3, NXP reported gross sales elevated 28 % to $3.31 billion. Gross margin was 57.eight %, minus sure objects. The figures beat analysts’ estimates.