Market Chatter: NXP Semiconductors Expects Up to 10% of Revenue From India in 3 to 5 Years

MT Newswires Live

Jan 07, 2025

NXP Semiconductors (NXPI) expects 8% to 10% of revenue from India in the next three to five years, Reuters reported Monday, citing NXP India head Hitesh Garg.

The company aims to benefit from India's growing automotive and industrial sectors, Garg said on the sidelines of an industry event in Bengaluru, Reuters reported.

Expanding in markets including India the region can help offset uncertainties related to sales in China, the executive said, according to Reuters.

NXP Semiconductors didn't immediately respond to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 214.74, Change: +5.88, Percent Change: +2.81

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