Nxp Semiconduct - NXPI STOCK NEWS

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.

Vanguard International Semiconductor (VIS) and NXP Semiconductors (NXP) have announced a joint venture to create VisionPower Semiconductor Manufacturing Company (VSMC). This new venture will construct a 300mm semiconductor wafer fab in Singapore, focusing on 130nm to 40nm mixed-signal, power management, and analog products for automotive, industrial, consumer, and mobile markets. The fab, utilizing licensed technologies from TSMC, will commence construction in the second half of 2024, with production starting in 2027. The project, costing $7.8 billion, will see VIS contributing $2.4 billion for a 60% equity stake and NXP $1.6 billion for 40%. The fab aims to produce 55,000 wafers per month by 2029 and will create approximately 1,500 jobs. VIS will operate the fab, adhering to Singapore Green Mark standards.

NXP Semiconductors announced a collaboration with ZF Friedrichshafen to develop SiC-based traction inverter solutions for electric vehicles (EVs). The partnership leverages NXP's GD316x high-voltage isolated gate drivers to create 800-V SiC traction inverters, enhancing EV safety, efficiency, range, and performance. These advanced gate drivers offer features like programmable control, diagnostics, and fast short-circuit protection, aimed at integrating SiC power modules for better efficiency and reduced electromagnetic noise. The collaboration marks a significant step towards sustainable and high-performance EVs while reducing operational costs for manufacturers.

NXP Semiconductors (NASDAQ: NXPI) has announced that its board of directors has approved an interim dividend of $1.014 per ordinary share for the second quarter of 2024. This decision is based on the company's robust capital structure and confidence in its ability to sustain long-term growth and strong cash flow.

The interim dividend will be paid in cash on July 10, 2024, to shareholders of record as of June 13, 2024. The dividends will be subject to a 15% Dutch withholding tax, which may be reduced or refunded under certain conditions.

NXP Semiconductors, a leader in the automotive, industrial & IoT, mobile, and communications infrastructure markets, reported $13.28 billion in revenue in 2023 and operates in over 30 countries.

NXP Semiconductors, eleQtron, and ParityQC have unveiled Germany's first full-stack, ion-trap based quantum computer demonstrator under the DLR Quantum Computing Initiative (DLR QCI). The demonstrator, located in Hamburg, aims to enhance quantum computing expertise in Germany by providing early access to quantum resources for industry and academia. The initiative seeks to build a strong quantum computing ecosystem, addressing complex challenges in areas like climate modeling, logistics, and cybersecurity. The QSea I demonstrator features advanced components from each partner, including eleQtron's MAGIC hardware and ParityQC's architecture, complemented by NXP's chip design.

NXP Semiconductors reported financial results for Q1 2024 with revenue of $3.13 billion, GAAP gross margin of 57.0%, non-GAAP operating margin of 34.5%, and non-GAAP diluted net income per share of $3.24. The company exhibited cautious optimism amid a cyclical downturn by managing profitability and driving solid earnings. NXP continued executing its capital return policy and made strategic announcements to enhance its product offerings and sustainability efforts.