Key Points
A man works on a tent for NXP Semiconductors in preparation for the 2015 International Consumer Electronics Show (CES) at Las Vegas Convention Center in Las Vegas, Nevada, U.S. on January 4, 2015..
Nov 6 (Reuters) - Chipmaker NXP Semiconductors (NXPI.O) forecast fourth-quarter profit above Wall Street targets on Monday, expecting a resilient automotive market and stable industrial demand to offset weakness in other key markets...
To protect its profits, the company has also been passing on rising costs to its customers, excluding distributors...
NXP in September said automotive demand was "pretty good" across all its markets, including China, which contributes about 30% to the chipmaker's total revenue...
While revenue at its largest segment, automotive, grew 5% in the third quarter, analysts worry chip demand will soon sap after months of hoarding and slowing EV demand...
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