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Electronics Production | November 20, 2008

NXP lowers Q4 forecast

NXP Semiconductors is providing updated sales guidance for the fourth quarter of 2008 in light of weakening macroeconomic conditions and a deteriorating sales environment.

Visibility of sales remains very limited. However based on overall consumer sentiment, recent order book development, and expected future trading levels, we now foresee a 15% to 25% sequential sales decline in the fourth quarter on a business and currency comparable basis. This compares to the previous guidance of an 8 to 14% sequential sales decline as announced on 21 October 2008.
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