Jonathan Vanian / CNBC:

NXP says CEO Kurt Sievers plans to retire at the end of 2025, names Rafael Sotomayor as president, and reports Q1 revenue down 9% YoY to $2.84B; NXPI drops 7%+  —  NXP Semiconductor Inc. fell about 8% on Monday after the chip company announced that CEO Kurt Sievers will step down as part of its latest earnings.

Jonathan Vanian / CNBC:

NXP says CEO Kurt Sievers plans to retire at the end of 2025, names Rafael Sotomayor as president, and reports Q1 revenue down 9% YoY to $2.84B; NXPI drops 7%+  —  NXP Semiconductor Inc. fell about 8% on Monday after the chip company announced that CEO Kurt Sievers will step down as part of its latest earnings.

Source: TechMeme
Source Link: http://www.techmeme.com/250428/p23#a250428p23