NXP Announces New CEO, Warns of ‘Very Uncertain Environment'
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NXP Semiconductors NV announced a new chief executive officer as part of its quarterly earnings report and warned that the chipmaker was navigating 'a very uncertain environment' due to tariffs.
CEO Kurt Sievers will retire from the company late this year, the Dutch chipmaker said in a statement on Monday. Rafael Sotomayor, a current NXP executive, will take the president role immediately — on the way to becoming the new CEO on Oct. 28.
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