NXP Q3 revenue up 8% sequentially

Q3 revenue was $2.39 billion, up 8% sequentially but down 3% y-o-y.

The y-o-y decline was due to the sale of its standard products division.

HPMS revenue was $2.29 billion, an increase of 9% sequentially anf y-o-y.

Automotive Q3 revenue was $948 million, up 11% y-o-y year on year.

Secure Connected Devices’ Q3 revenue was $713 million, up 20% y-o-y.

Secure Interface and Infrastructure group had Q3 revenue of  $488 million, up 3% y-o-y.

Secure Identification Solutions group had Q3 revenue of $139 million, down 22% y-o-y.

The Qulcomm saga continues. NXP’s shares are $116 compared to the $110 per share offer.

“We are working diligently with Qualcomm and the various regulators towards a successful close this year,” says NXP CEO Rick Clemmer, “however, at this point the timetable is very tight and there is a possibility for the closing to occur in early 2018.”

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