Ad
Ad
Electronics Production | November 10, 2010

NXP sees no major mid-term consolidations

Dutch semiconductor maker NXP CEO Rick Clemmer thinks no major consolidations in the semiconductor industry would be made in the mid-term.
Clemmer told this during a panel discussion at the on-going Electronica show in Münich. He said most major companies are focused on organic growth as they emerge from recession. He did not mention any budget for acquisitions but he said that he could spend a few hundred million US dollars every other year.

Clemmer sees the overall semiconductor market growing 6-8 percent next year. NXP's high performance mixed signal unit, which makes 70 percent of its revenue, is estimated to grow up to 3 percentage points faster than the market.

Comments

Please note the following: Critical comments are allowed and even encouraged. Discussions are welcome. Verbal abuse, insults and racist / homophobic remarks are not. Such comments will be removed.
Further details can be found here.
Ad
Ad
Load more news
August 20 2018 3:56 pm V10.1.0-1