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Impinj's (NASDAQ: PI) stock recently rallied after the RFID (radio frequency identification) chipmaker posted its first-quarter earnings report. Its revenue rose 45% annually to $47.8 million, beating estimates by $9.

(Bloomberg Opinion) -- For years, technologists have been talking about smarter cars packed with sensors, chips and supercomputers that can replace human drivers.That was enough to get investors excited about the future of automotive semiconductors. An earnings report from NXP Semiconductors NV late Monday reminds us of one slight flaw in the plan: People need to actually buy cars.The Dutch company said revenue will drop approximately 20% this quarter to around $1.8 billion. The figure is in line with estimates that analysts slashed by 23% over the past eight weeks. NXP cut its first-quarter revenue estimate at the start of March, only to fall short of that mark. The company forecast a second-quarter operating loss of as much as $237 million, versus an estimated deficit of $169 million.So far this year, much of the attention in semiconductors has been on whether smartphones are a necessity —  Xiaomi Corp. thinks so, I disagree — and whether work-from-home and streaming demand will drive server sales enough to make up for the drop in consumer spending. The outlook from Taiwan Semiconductor Manufacturing Co. suggests otherwise.NXP, however, is playing in a different arena: It got 47% of its revenue from automotive clients last year. The company said Monday that it was “navigating a challenging and very fluid environment.” That’s an understatement. After a 4.5% decline in global automobile shipments in 2018 and a 3.9% drop last year, hopes that the industry might avoid a third year of contraction are out the window as the Covid-19 pandemic hits demand and supply.NXP isn’t alone. Germany’s Infineon Technologies AG gets 43% of its revenue from the auto sector. This month, the company completed its $9.3 billion(1) acquisition of California’s Cypress Semiconductor Corp. You’ll never guess which sector accounts for 39% of that company’s business. Forgive Infineon shareholders if they start to feel that the 47% premium they paid for Cypress might be a little steep. Ironically, shareholders seem to be forgiving management, with the stock rebounding from a mid-March low to be 30% off its February peak, and back to where it was in early October.Bloomberg Intelligence senior analyst Anand Srinivasan has been ahead of the curve. He predicted two weeks ago that the then-consensus estimate for a 4% decline in NXP revenue this year was conservative, and that 6% might be more realistic. Today, data on the Bloomberg terminal points to a 10% drop, the worst since the financial crisis in 2009.At Infineon, analysts are looking at a 7% drop in sales for the year ending Sept. 30. That may also be conservative.Xiaomi may believe that smartphones are a must-have, and Apple Inc. certainly hopes that its new iPhone SE will find favor even among tight-fisted consumers. But with a global recession on the way, you’d have to be Elon Musk to believe that the auto sector, and the chipmakers that supply them, are going to survive with only minor bruising.(1) Equity plus debt in an all-cash dealThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Tim Culpan is a Bloomberg Opinion columnist covering technology. He previously covered technology for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

The two semiconductor companies parted ways in 2018 after a two-year courtship and a failed merger. Which one should you own today?

NXP Semiconductors N.V. (NXPI) (together with its subsidiaries, “NXP”) announced today that its subsidiaries NXP B.V., NXP Funding LLC and NXP USA, Inc. (together, the “Issuers”) intend to commence a private offering of senior unsecured notes (the “Notes”) pursuant to Rule 144A and Regulation S under the U.S. Securities Act of 1933, as amended (the “Securities Act”). The Notes will be fully and unconditionally guaranteed on a senior basis by NXP Semiconductors N.V. and will be structurally subordinated to the liabilities, including trade payables, of NXP’s other subsidiaries.

Ladies and gentlemen, thank you for standing by and welcome to the NXP Semiconductor's First Quarter 2020 Earnings Conference call. With me on the call today from the far corners of the world, is Rick Clemmer, NXP's CEO; Kurt Sievers, NXP's President; and Peter Kelly, our CFO.

Insider Monkey has processed numerous 13F filings of hedge funds and successful value investors to create an extensive database of hedge fund holdings. The 13F filings show the hedge funds' and successful investors' positions as of the end of the first quarter. You can find articles about an individual hedge fund's trades on numerous financial […]

NXP Semiconductors N.V. (NXPI) today announced that at its Annual General Meeting of Shareholders (“AGM”), shareholders overwhelmingly approved the appointment of Kurt Sievers, 51, as an executive director and the company’s Chief Executive Officer, effective immediately. In this capacity Mr. Sievers will also remain President of NXP, a role he has held since 2018. As previously announced, Richard “Rick” Clemmer, who previously led the company for 11 years, will remain a strategic advisor to NXP.

The automotive and industrial semiconductor specialist posted mixed first-quarter results and modest guidance, but the long-term business story still looks vibrant.

NXP Semiconductors N.V. (NXPI) (together with its subsidiaries, “NXP”) announced today the pricing of the previously announced offering by its subsidiaries NXP B.V., NXP Funding LLC and NXP USA, Inc. (together, the “Issuers”) of $500 million aggregate principal amount of senior unsecured notes due 2025 (the “2025 Notes”), $500 million aggregate principal amount of senior unsecured notes due 2027 (the “2027 Notes”) and $1,000 million aggregate principal amount of senior unsecured notes due 2030 (the “2030 Notes” and, together with the 2025 Notes and the 2027 Notes, the “Notes”) pursuant to Rule 144A and Regulation S under the U.S. Securities Act of 1933, as amended (the “Securities Act”). The 2025 Notes will bear interest at 2.700% per annum and will mature on May 1, 2025.

EINDHOVEN, The Netherlands, May 01, 2020 -- NXP Semiconductors N.V. (NASDAQ:NXPI) (together with its subsidiaries, “NXP”) announced today that it has closed the previously.

Arm Inc, the British firm whose chip technologies power most smart phones, said on Wednesday it was easing fees for startup companies and providing free offerings to an incubator for early-stage chip firms. Arm, owned by Japan’s Softbank Group Corp, licenses its intellectual property to companies like Qualcomm Inc , Apple Inc and Samsung Electronics Co Ltd , which in turn use the technology in their respective chips for smartphones and other devices. Arm charges a range of licensing fees to access its technology, including some that must be paid for potentially several years of design and development time before a company ever sees its first physical chip.

Q1 2020 NXP Semiconductors NV Earnings Call

News of a potential coronavirus vaccine are pushing NXP Semiconductors, Conduent, and CalAmp higher.

U.S.-Dutch chipmaker NXP Semiconductors named Kurt Sievers as its new CEO Wednesday, effective immediately. Sievers replaces Richard Clemmer, who will remain a strategic adviser to NXP. Sievers, a 25-year veteran of NXP (originally known asPhilips Semiconductors), was named president of the company in 2018.

Chip suppliers have reported seeing strong demand from notebook and server OEMs, and major order declines from automotive clients.

It is hard to get excited after looking at NXP Semiconductors' (NASDAQ:NXPI) recent performance, when its stock has...

The chipmaker sees a light at the end of the coronavirus tunnel, and at least two of its closest rivals agree.

EINDHOVEN, The Netherlands, May 19, 2020 -- NXP Semiconductors N.V. (NASDAQ: NXPI) today announced that its most recent radio frequency front-end (RFFE) solution, designed with.