- NXP's end market mix spanning automotive, industrial, IoT and communications infrastructure supports solid growth moving forward.
- The automotive segment remains key, generating nearly 50% of revenues, and has multiple outlets amidst the EV revolution to drive growth as tech content per car increases.
- Industrial and IoT can find high single, low double-digit CAGR through 2023 as connectivity increases between devices and as devices grow.
- NXP is a true leader in over half of its end markets' applications, which solidifies growth above the market and above its estimates.
For further details see:
NXP Semiconductors' End Market Mix Can Drive Growth