NXP Semiconductors Faces Revenue Decline Amid Auto Industry Slowdown

The Dutch chipmaker reports lower-than-expected fourth-quarter forecasts due to weak demand and macroeconomic challenges.

NXP Semiconductors forecasts fourth-quarter revenue between $3 billion and $3.2 billion, below analyst expectations of $3.36 billion.
The company's shares fell by up to 7.1% in extended trading following the release of its forecast.
NXP's automotive segment, its largest revenue source, experienced a 3% decline, reflecting broader struggles in the auto industry.
Macroeconomic weaknesses in Europe and the Americas have led to reduced spending by enterprises, impacting NXP's industrial and IoT markets.
Despite challenges, NXP saw some strength in communication infrastructure, mobile, and automotive end markets against expectations.