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Mixed signal, automotive drive NXP Q2 growth

Posted: 31 Jul 2015     Print Version  Bookmark and Share

Keywords:in-vehicle networking  mixed signal  smart antenna 

Both the mixed signal and automotive markets propelled the second-quarter performance of NXP Semiconductors with at least $1.5 billion in revenue, a 12 per cent year-over-year increase.

High-performance mixed signal products for security, connectivity and mobility made Q2 the 12th consecutive quarter of double-digit year-over-year revenue growth for NXP. The company also saw revenues of $310 million for its automotive segment, and CEO Richard Clemmer expects to achieve records in Japan.

Clemmer expects the need for additional security in vehicles, as demonstrated by recent hacks, to provide growth opportunities. NXP can bring security to the vehicle's gateway, in-vehicle networking and to microcontrollers with its soon-to-be-acquired Freescale portfolio.


Clemmer: There are significant opportunities for us.

Although the rate of vehicle shipments to China has slowed in recent years, Clemmer said NXP sees "a pretty healthy general auto market" that still requires a large number of high performance chips to power automotive infotainment and communications. "There are significant opportunities for us ... in merging areas that will not have immediate significant revenue for us, but will be positive in the long term."

Revenue from secure interfaces and power, which includes products for interface, smart antennas and RF, was up 29 per cent year-over-year to $303 million. Secure identification revenues hit $257 million driven by increased demand for bankcard products. Standard products, including general purpose logic and low voltage power MOSFETS, had revenues of $322 million.

Communications device revenues were below NXP expectations at $276 million. Clemmer attributed this reduction in customer demand "reportedly as a result of ongoing government bribery investigations in China."

"There are some areas where we don't see strength. The smartphone market ... is basically beginning to struggle in terms of volume," Clemmer said. "There is weakness in the Android side of the business. The rest is going pretty much as you'd expect, driven around volume not additional content."

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