The Car Connectivity Consortium (CCC) had a big year in 2024, as the group announced NXP Semiconductors and BMW Group as the ...

But shares of NXP, one of the largest makers of semiconductors used in cars, were up 2% in extended trading, after the company edged past Wall Street estimates for fourth-quarter revenue and profit.

The Dutch chipmaker reported earnings before certain costs such as stock compensation of $3.18 per share, ahead of the Street’s consensus estimate of $3.14 per share. Revenue for the quarter was down ...

NXP and its peers have been struggling with a stubborn glut of chips that help power electric cars and manufacturing operations. This oversupply has weighed down sales for much of the industry for ...

Ongoing inventory corrections at certain direct Tier 1 auto customers, coupled with a slowdown in demand from European and North American car OEMs, are expected to have exerted pressure on NXP ...

So it is owned by the OEMs. And in order to make NXP the leading partner for them to architect those new backbones of the car, we needed more software that became abundantly clear over the past ...