AMSTERDAM (Reuters) – Dutch-headquartered semiconductor maker NXP expects sales growth averaging 6%-10% over the next three years, CEO Kurt Sievers said on Thursday.
Speaking at the company’s investor day in Boston, Sievers said the automotive chipmaker’s gross margins should be around 60%, with growth coming from increasing adoption of its S32 platform.
NXP reported third-quarter earnings on Monday that showed weakness in industrial and automotive markets in Europe and the Americas.
(Reporting by Toby Sterling; editing by David Evans)
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