NXP Semiconductors N.V. - NXPI STOCK NEWS

NXP Semiconductors N.V. (NASDAQ: NXPI) will participate in the Morgan Stanley Technology, Media and Telecom Conference on March 7-8, 2022, in San Francisco. Interested investors can access live audio webcasts of the event via the NXP Investor Relations website, with replays available within 24 hours. NXP, a leader in secure connectivity for embedded applications, posted revenues of $11.06 billion in 2021.

With around 31,000 employees globally, NXP is at the forefront of innovation across automotive, industrial, IoT, mobile, and communication markets.

NXP Semiconductors (NASDAQ: NXPI) announces a partnership with Compal Electronics to develop a 5G Integrated Small Cell (ISC) solution utilizing NXP's Layerscape multi-core and Layerscape Access baseband processors. This new solution enhances 5G network density and supports applications in smart cities and industrial settings. The small cell solution aims to improve indoor coverage and meet the increasing demands for low-latency 5G connections. Deployment is planned in Taiwan and Japan, with a focus on commercialization for mobile network operators.

NXP Semiconductors reported a record revenue of $11.06 billion for 2021, achieving a 28% increase year-on-year, with Q4 revenue reaching $3.04 billion (up 21% year-on-year). The company approved a 50% increase in the quarterly cash dividend to $0.845 per share and initiated a new $2.00 billion share repurchase program. Despite ongoing supply challenges, demand continues to grow, underpinning a positive outlook for 2022.

NXP Semiconductors N.V. (NASDAQ: NXPI) will release its fourth quarter and full year 2021 financial results on January 31, 2022. A subsequent conference call for investors will take place on February 1, 2022, at 8:00 a.m. EST. Interested parties can join the call within the U.S. at 1-888-603-7644 and outside the U.S. at 1-484-747-6631, using the passcode 7297353. The call will also be available via webcast on the NXP Investor Relations website.

NXP Semiconductors has launched the IW612, the first tri-radio device integrating Wi-Fi 6, Bluetooth 5.2, and 802.15.4. This innovation supports the Matter protocol, allowing seamless connectivity across smart home, automotive, and industrial devices. The IW612 enhances device interoperability, reduces development costs, and improves security with features like secure boot and over-the-air updates. It addresses IoT's interoperability challenges, facilitating communication between various device ecosystems. The product is currently sampling and available for demonstration at CES 2022.

NXP Semiconductors (NASDAQ: NXPI) announced the mass production of its new S32R45 imaging radar processor and introduced the S32R41. These advanced processors serve L2+ to L5 autonomous driving levels, enhancing 4D imaging radar capabilities for 360-degree sensing. Designed for scalability, NXP’s radar technology allows for object classification and enhanced resolution, crucial for urban driving scenarios. The S32R45 is set to lead in high-performance radar solutions, crucial for an automotive market projected to have a significant L2+ segment by 2030.

NXP Semiconductors (NASDAQ: NXPI) has partnered with Foxconn Industrial Internet Ltd. to enhance automotive technology. The collaboration focuses on developing a full digital cockpit solution using NXP's i.MX 8 QuadMax platform, expected to enter mass production in 2023. The project aims to improve in-vehicle experiences for OEMs and Tier Ones, and plans to expand into secure car access and safe automated driving solutions. This venture aligns with both companies' goals of transforming automobiles into connected platforms leveraging advanced computing and integration technologies.

NXP Semiconductors N.V. (NASDAQ: NXPI) announced an interim dividend of $0.5625 per share for Q4 2021, reflecting the company's strong capital position and confidence in long-term growth. This dividend will be paid in cash on January 6, 2022, to shareholders of record as of December 15, 2021. Cash dividends will incur a 15% Dutch withholding tax, with potential refunds for non-resident shareholders. The announcement highlights NXP's robust financial health amid industry challenges and market demands.

NXP Semiconductors announced the pricing of senior unsecured notes totaling $2 billion. The offerings include $1 billion due 2032 at 2.650% interest, $500 million due 2042 at 3.125%, and $500 million due 2051 at 3.250%. The interest on the notes will be paid semi-annually starting February 15, 2022. The proceeds will be used to redeem existing 3.875% notes due 2022 and for general corporate purposes. The issuance is expected to close around November 30, 2021. The notes are not registered under the Securities Act and will be offered to qualified institutional buyers.