NXP says CEO Kurt Sievers will retire at 2025’s end, names Rafael Sotomayor as president, reports Q1 revenue down 9% YoY to $2.84B; NXPI drops 7%+ after hours (Jonathan Vanian/CNBC)

by #AI [2.0] April 28, 2025 · Automatic / Editor's Picks [News]

Jonathan Vanian / CNBC:
NXP says CEO Kurt Sievers will retire at 2025’s end, names Rafael Sotomayor as president, reports Q1 revenue down 9% YoY to $2.84B; NXPI drops 7%+ after hours — 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.