NXP Semiconductors N.V. - NXPI STOCK NEWS

NXP Semiconductors N.V. (NASDAQ: NXPI) will be added to the S&P 500 index starting March 22, 2021. This inclusion reflects the company's strong commitment to innovation and leadership in secure connectivity solutions. CEO Kurt Sievers expressed pride in joining the S&P 500, highlighting the global team's dedication to improving lives through advanced technologies. NXP’s expertise spans automotive, industrial, IoT, mobile, and communication infrastructure markets, contributing to its revenue of $8.61 billion in 2020.

NXP Semiconductors (NASDAQ: NXPI) has resumed operations at its Austin manufacturing facilities after severe winter storms caused significant disruptions. The company reported a loss of approximately one month of wafer production due to these events. Utilities were restored by February 27, and damage assessment and repairs are ongoing. CEO Kurt Sievers emphasized the importance of returning to pre-storm production levels while maintaining product quality. NXP anticipates a $100 million revenue impact in the second quarter but does not expect changes to its first quarter revenue guidance.

NXP Semiconductors N.V. has announced a robust capital return program, which includes an interim dividend of $0.5625 per share, reflecting a 50% increase from the previous dividend, to be paid on April 5, 2021. Additionally, the company's board has authorized a new $2 billion share repurchase program alongside the remaining $640 million from a prior authorization. These actions underscore NXP's strong capital structure and confidence in long-term growth and cash flow.

NXP Semiconductors N.V. (NASDAQ: NXPI) will host a conference call on March 17, 2021, at 10:00 a.m. EDT, alongside Morgan Stanley & Co. LLC. This event aims to provide an in-depth update on NXP’s innovative edge processing solutions tailored for the Industrial and IoT markets. Key speakers include Ron Martino, Senior VP at NXP, and Craig Hettenbach, Executive Director at Morgan Stanley. Interested parties must pre-register for dial-in information. A recording of the call will be available for 30 days after the event.

NXP Semiconductors (NASDAQ: NXPI) has expanded its EdgeVerse portfolio, introducing the ultra-low power i.MX 8ULP and i.MX 8ULP-CS applications processors, along with the next-generation i.MX 9 series. These processors incorporate the EdgeLock secure enclave for enhanced security and Energy Flex architecture for improved energy efficiency, claiming up to 75% better efficiency than previous models. The i.MX 8ULP-CS also features Microsoft Azure Sphere for integrated chip-to-cloud security. These innovations aim to support the growing demand for intelligent, secure edge computing solutions.

NXP Semiconductors (NASDAQ: NXPI) announced disruptions at its Austin, Texas facilities due to severe winter weather. Utility providers have prioritized service for residential and critical areas, forcing NXP to idle its manufacturing operations. The company is directly notifying affected customers about potential supply interruptions. NXP is monitoring the situation closely and plans to resume operations as soon as utility services are restored. Notably, all other manufacturing sites outside Texas remain fully operational.

NXP Semiconductors has launched the new EdgeLock™ 2GO IoT service platform, aimed at simplifying secure deployment and management of IoT devices. Integrated with the EdgeLock SE050 secure element, it offers comprehensive device security from edge to cloud. The platform enhances customer control over device access while optimizing costs, supporting various IoT devices from sensors to edge-computing platforms. With its flexible management options, EdgeLock 2GO simplifies device onboarding to cloud services like AWS and Microsoft Azure, ensuring ongoing security throughout the device lifecycle.

NXP Semiconductors N.V. reported fourth-quarter revenue of $2.5 billion, up 9% year-on-year, contributing to a full-year revenue of $8.6 billion. The company noted a strong rebound in demand during the second half of 2020, particularly in the Automotive and Mobile sectors. Gross margins showed health with GAAP gross margin at 51.4% and non-GAAP at 52.9%. Cash flow from operations reached $2.48 billion. The board approved an interim dividend of $0.375 per share, and $1.04 billion was returned to shareholders throughout 2020. NXP anticipates continued growth in 2021.

NXP Semiconductors has launched its first Wi-Fi 6E Tri-Band SoC, the CW641, designed to utilize the newly available 6GHz band. This innovation expands Wi-Fi capacity, offering up to 4.8Gbps PHY rates and over 4Gbps of real-world throughput. The CW641 is tailored for access points and service provider gateways, enabling improved data rates and multi-user performance. It features support for 4x4 Wi-Fi with multiple bandwidth channels and aims to enhance user experiences in applications like cloud gaming and online streaming. Availability for sampling starts now.