NXP Semiconductors, based in the Netherlands, has reported a 12% year over year growth in sales and a 32% increase in earnings. The company said its revenue rose to €1.1bn (£960m) from €1.08bn, while earnings jumped by more than 50% on strong demand for chips used in smartphones and tablets.
NXP Semiconductors, based in the Netherlands, has reported a 12% year over year growth in sales and a 32% increase in earnings. This growth is driven primarily by 39% higher sales of chips destined for secure connected devices, part of the IoT trend.