35 Chip Stocks In Focus Amid Tech Selloff

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18. NXP Semiconductors N.V. (NASDAQ:NXPI)

Number of Hedge Fund Holders: 44     

NXP Semiconductors N.V. (NASDAQ:NXPI) makes and sells various products related to semiconductors. In January, the company secured a €1 billion loan from the European Investment Bank (EIB) to support research and development projects across Austria, France, Germany, the Netherlands, and Romania. The funds will be utilized for developing new power electronics devices, microprocessors, and microcontrollers focused on improving energy efficiency. The firm recently reported Q4 2024 revenue of $3.11 billion, reflecting a 9% year-over-year decline. The automotive segment performed near the high end of guidance at $1.79 billion, down 6% year-over-year, while the Industrial & IoT segment fell 22% year-over-year to $516 million. CEO Kurt Sievers highlighted two strategic acquisitions during the earnings call, Aviva Links for $243 million to enhance automotive connectivity solutions and TT Tech Auto for $625 million to bolster software-defined vehicle platforms. Both transactions are expected to contribute revenue starting in 2027.

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