NXP Posts Record 25% Gain as Stronger Auto Market Boosts Outlook
An NXP Semiconductor NV i.MX6 processor.
Photographer: Annabelle Chih/BloombergNXP Semiconductors NV shares jumped the most since its 2010 market debut after giving an upbeat revenue forecast, a sign the chipmaker is bouncing back from a prolonged auto industry slump and tariff uncertainties.
Revenue in the second quarter will be $3.35 billion to $3.55 billion, the Dutch company said in a statement on Tuesday. This beats the average analyst estimate of $3.27 billion, according to data compiled by Bloomberg.