Latest news with #KurtSievers
Yahoo
08-05-2025
- Automotive
- Yahoo
NXP Unveils Next-Gen Radar Chip To Boost Autonomous Driving Systems
NXP Semiconductors NV (NASDAQ:NXPI) showcased its new S32R47 imaging radar processors in 16 nm FinFET technology on Thursday. The third generation of imaging radar processors delivers up to twice the processing power of the previous generation. With NXP's mmWave radar transceivers, power management, and in-vehicle networking solutions, the S32R47 family meets functional safety ASIL ISO 26262 ASIL B(D) requirements. Also Read: According to Yole Intelligence's Status of the Radar Industry 2024 report, by 2029, approximately 40% of vehicles entering the road will be passenger cars with driving automation Level 2+(L2+)/ Level 3 (L3), with an increasing number of vehicles with Level 4 (L4). Imaging radar leverages richer point cloud data for more detailed modeling of the environment. This is a key enabler for AI-based perception systems, which allow for assisted and autonomous driving in the most challenging environmental conditions, such as complex urban scenarios. The S32R47 integrates a high-performance multi-core radar processing system, allowing denser point cloud output and enhanced algorithms that enable next-generation ADAS systems. This results in better separability of objects, improved detection reliability, and more accurate classification of objects such as vulnerable road users or lost cargo. In April, NXP reported first-quarter results. The company reported first-quarter revenue of $2.84 billion, down 9%, in line with analyst estimates. The company reported first-quarter adjusted earnings of $2.64 per share, beating analyst estimates of $2.58. NXP expects second-quarter revenue of $2.8 billion to $3 billion versus estimates of $2.87 billion. The company sees second-quarter adjusted earnings of $2.46 to $2.86 per share versus estimates of $2.65. "NXP's first-quarter results and guidance for the second quarter underpin a cautious optimism that NXP continues to effectively navigate through a challenging set of market conditions. We are operating in a very uncertain environment influenced by tariffs with volatile direct and indirect effects," said Kurt Sievers, president and CEO of NXP. "Considering these external factors, we are redoubling our efforts to manage what is in our direct control, enabling NXP to drive solid profitability and earnings," Sievers added. Price Action: NXPI stock is trading up 0.97% to $188.69 at the last check on Thursday. Image via Shutterstock Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? This article NXP Unveils Next-Gen Radar Chip To Boost Autonomous Driving Systems originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
01-05-2025
- Business
- Yahoo
Why NXP Semiconductors N.V. (NXPI) Went Down On Tuesday
We recently published a list of . In this article, we are going to take a look at where NXP Semiconductors N.V. (NASDAQ:NXPI)stands against other companies that were heavily sold down. Wall Street's main indices finished stronger on Tuesday, buoyed by the influx of more corporate earnings results. The Dow Jones grew by 0.75 percent, the S&P 500 rose by 0.58 percent, and the Nasdaq was up by 0.55 percent. Despite the wider market optimism, 10 companies managed to register declines, predominantly due to investors exercising caution coupled with companies' dismal earnings performance during the past quarter. In this article, we have identified Tuesday's 10 worst-performing stocks and detailed the reasons behind their drop. To come up with the list, we considered only the stocks with a $2-billion market capitalization and $5-million trading volume. A close-up of a semiconductor component, highlighting its complex design. NXP Semiconductors N.V. (NASDAQ:NXPI) NXP Semiconductors saw its share prices fall by 6.94 percent on Tuesday to end at $182.62 apiece as investor sentiment was dampened by its dismal earnings performance and its chief executive's decision to step down. In its latest earnings release, NXP Semiconductors N.V. (NASDAQ:NXPI) said that net income attributable to shareholders for the first quarter of the year fell by 23 percent to $490 million from $639 million year-on-year, while revenues were down by 9 percent to $2.8 billion from $3.1 billion in the same comparable period. In the same statement, NXP Semiconductors N.V. (NASDAQ:NXPI) said that its president and CEO, Kurt Sievers, has stepped down to pursue retirement. He was replaced by Rafael Sotomayor as president effective April 28, 2025. 'Rafael has been an integral part of creating and shaping NXP's strategy and enabling the company's success. We are confident he is ideally suited to assume the role of President and CEO at NXP, and to execute the company's vision for leadership in the intelligent systems at the edge within the Automotive and Industrial & IoT end markets,' the company said. Overall, NXPI ranks 3rd on our list of companies that were heavily sold down. While we acknowledge the potential of NXPI as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than NXPI but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
30-04-2025
- Business
- Yahoo
Latest News In AI Chips - AI Revolution MediaViz Enhances Image Processing Power
MediaViz AI has launched its most advanced platform, enhancing the capabilities and efficiency of AI-driven media curation and analysis. The platform boasts features including accelerated processing speeds of 60,000 images per hour per AI node and innovative similarity detection for managing large image sets. These advancements aim to streamline business workflows, reduce costs, and offer deeper insights into media by leveraging human-centric AI models. The integrated API supports seamless AI integration, empowering businesses to automate processes and make strategic decisions based on visual data. In other market news, was a notable mover up 3.4% and finishing the session at CN¥76.82. At the same time, trailed, down 6.9% to end the day at $182.62. NXP announced on Monday that Rafael Sotomayor, previously executive vice president, will succeed Kurt Sievers as CEO after Sievers' retirement in October. NXP Semiconductors is rapidly expanding in automotive electrification to boost future revenues. Click through to explore the detailed narrative on NXP's strategic positioning. For more on AI Chips and their market dynamics, don't miss our Market Insights article on DeepSeek's R1 model's disruptive impact—time is of the essence! finished trading at $109.02 up 0.3%. Trend Micro announced new AI-powered threat detection capabilities built on NVIDIA technology two days ago. ended the day at $96.06 down 0.3%. This week, AMD presented at the OCP EMEA Summit in Dublin, highlighting insights from Chief Firmware Architect Raj Kapoor. ended the day at $20.34 down 0.8%. On Tuesday, Intel collaborated with Equus Compute Solutions and Arqit Quantum to introduce a quantum-safe architecture for secure mobile communications. Dive into all 47 of the AI Chip Stocks we have identified, like Tokyo Electron, LONGi Green Energy Technology and GlobalFoundries, right here. Seeking Other Investments? This technology could replace computers: discover the 21 stocks are working to make quantum computing a reality. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sources: Simply Wall St "MediaViz AI Launches AI Platform for Unmatched Media Curation and Analysis" from MediaViz AI on GlobeNewswire (published 29 April 2025) Companies discussed in this article include SHSE:688008 NasdaqGS:NVDA NasdaqGS:AMD NasdaqGS:INTC and NasdaqGS:NXPI. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@
Yahoo
29-04-2025
- Business
- Yahoo
Why NXP Semiconductors (NXPI) Stock Is Down Today
Shares of chip manufacturer NXP Semiconductors (NASDAQ: NXPI) fell 8.6% in the afternoon session after the company reported mixed first-quarter 2025 results: Its inventory levels materially increased, and the next quarter's EPS guidance was just in line, seemingly not enough to excite the market. In addition, CEO Kurt Sievers announced plans to retire at the end of the year, creating more uncertainty amid tariff-induced concerns. On the other hand, NXP Semiconductors narrowly topped analysts' adjusted operating income expectations and its EPS narrowly outperformed Wall Street's estimates. Zooming out, we think this was a decent quarter featuring some areas of strength but also some blemishes. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy NXP Semiconductors? Access our full analysis report here, it's free. NXP Semiconductors's shares are quite volatile and have had 18 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. The biggest move we wrote about over the last year was 9 months ago when the stock dropped 10.1% on the news that the company reported weak second-quarter earnings results. Its revenue guidance for next quarter missed analysts' expectations, and its inventory levels slightly increased. In addition, revenue declined 5% during the quarter. Overall, this quarter could have been better. NXP Semiconductors is down 10.6% since the beginning of the year, and at $184.41 per share, it is trading 36.6% below its 52-week high of $290.78 from July 2024. Investors who bought $1,000 worth of NXP Semiconductors's shares 5 years ago would now be looking at an investment worth $1,727. Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story. Sign in to access your portfolio
Time of India
29-04-2025
- Business
- Time of India
NXP's CEO to retire this year, insider Sotomayor to take over
NXP Semiconductors NV said on Monday CEO Kurt Sievers would retire by the end of the year, and insider Rafael Sotomayor would succeed him. Shares of the company fell more than 7% in extended trading following underwhelming forecast and beat. Sotomayor will take on the role of the president effective Monday, and will become the CEO in October. NXP forecast second-quarter revenue slightly above Wall Street expectations, while posting quarterly revenue that beat estimates by a small margin. "We are operating in a very uncertain environment influenced by tariffs with volatile direct and indirect effects," Sievers said in a statement. NXP provides manufacturers with chips and other technology essential for high-speed digital processing utilized in sectors like automotive, manufacturing, telecommunications and the Internet of Things (IoT). The Eindhoven, Netherlands-based firm expects second-quarter revenue in the range of $2.8 billion to $3 billion, with a midpoint that is above analysts' average estimate of $2.87 billion, according to data compiled by LSEG. For the first quarter ended March 30, NXP posted revenue of $2.84 billion, compared to an estimate of $2.83 billion. Revenue from its communication and infrastructure segment fell 21% to $315 million in the quarter. Its chips are also used by firms in the industrial and mobile phone industries. Industrial and IoT revenue fell 11%, while the automotive segment fell 7%. NXP, which is the biggest maker of computer chips for cars, said in February it would acquire AI firm Kinara in an all-cash deal valued at $307 million.
