NXP releases second quarter financial report, revenue increases 3% quarter-on-quarter

NXP achieved revenue of $2.926 billion in the second quarter, a year-on-year decrease of 6%, but a month-on-month increase of 3%. Among them, the revenue of the automotive chip business reached $1.729 billion, a month-on-month increase of 3%. For the third quarter, NXP expects revenue to be between $3.05 billion and $3.25 billion.