🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
✕
Login
Home
News
Messages
Startup Showcase
Trackers
Premium
Premium Content
Jobs
Notifications
Settings
Try our Valuation Calculator →
Log In
News on Medial
Automotive computer chip maker NXP rolls out new platform
Economic Times
·
1y ago
Medial
NXP Semiconductors has introduced a new platform that aims to simplify and expedite software development for car manufacturers. The platform integrates software from partner companies and advanced NXP chips, enabling standardized software development for various electronics systems used in cars. The platform will not be used for advanced driver assistance systems or main screen displays. NXP's customers, including major carmakers and Tier-1 suppliers, will benefit from power management, data processing, and networking capabilities. The platform has been developed in collaboration with software partners such as Accenture, BlackBerry QNX, Elektrobit, and Wind River.
View Source
Related News
Chipmaker NXP forecasts downbeat first-quarter revenue on soft demand
Economic Times
·
6m ago
Medial
NXP Semiconductors reported a lower-than-expected first-quarter revenue forecast due to reduced demand for its chips, particularly in the automotive and industrial sectors. The sluggish demand is attributed to factors like costly electric vehicles and higher interest rates, leading to a buildup of chip inventory among automotive clients. NXP anticipates first-quarter revenue between $2.73 billion and $2.93 billion, slightly below analysts' forecast. Despite this, NXP exceeded fourth-quarter revenue and profit expectations, with slight growth in aftermarket trading.
View Source
NXP to double its India workforce to 6,000+ in five years
Economic Times
·
11m ago
Medial
Dutch chip manufacturing company NXP Semiconductors plans to double its workforce in India to over 6,000 employees within the next five years. The company also intends to invest $1 billion in research and development efforts in India, with a focus on hardware and software innovations, including a recent 5-nanometer chip launch for the automotive sector. Additionally, NXP Semiconductors aims to collaborate with Indian colleges to train and hire talent, particularly women, and expand its offerings to include complete system solutions by working directly with original equipment manufacturers.
View Source
Chipmaker NXP forecasts quarterly revenue below estimates on macroeconomic concerns
Economic Times
·
9m ago
Medial
NXP Semiconductors NV, a Dutch chipmaker, has forecasted lower fourth-quarter revenue due to uncertain demand and macroeconomic weakness in Europe and the Americas. The company's shares fell by 5% after the announcement. NXP provides chips and technology for high-speed digital processing in various sectors, including automotive, manufacturing, telecommunications, and IoT. CEO Kurt Sievers cited strength in communication infrastructure, mobile, and automotive markets, but highlighted increasing macroeconomic weakness in the industrial and IoT market. NXP expects fourth-quarter revenue of around $3.10 billion, below analysts' estimates of $3.36 billion.
View Source
Semiconductor Major NXP To Invest $1 Bn In India To Expand R&D
Inc42
·
11m ago
Medial
NXP CEO, Kurt Sievers, has stated that the planned capital infusion will be used to enhance the company's research and development initiatives. Sievers also revealed that NXP is in discussions with Indian automotive and other sector companies to expand its partner network. This announcement coincides with Indian Prime Minister Narendra Modi's announcement of a special reserve fund of INR 1 lakh crore to promote innovation in the semiconductor industry.
View Source
ASML not changing guidance after new US crackdown on China chip exports
Economic Times
·
9m ago
Medial
Dutch computer chip equipment maker ASML stated that it does not anticipate the recent U.S. restrictions on semiconductor exports to China to impact its financial guidance. The Dutch government also expressed shared security concerns, while studying the new U.S. rules. ASML expects group sales of 30-35 billion euros by 2025, with around 20% of sales in China. The company highlighted that if enforced, the latest U.S. restrictions could affect its export of deep ultra-violet lithography systems to some Chinese chip-making plants. The new rules include tighter restrictions on software and metrology equipment relevant to ASML.
View Source
Hackers spent 2+ years looting secrets of chipmaker NXP before being detected
Arstechnica
·
1y ago
Medial
A group with suspected ties to China called "Chimera" or "G0114" infiltrated Netherlands-based chipmaker NXP's corporate network for over two years, according to sources. The hackers periodically accessed employee mailboxes and network drives in search of chip designs and other intellectual property. The breach was discovered when the group was detected in a separate network connected to compromised NXP systems. The intrusion remained unknown until now, despite NXP's acknowledgment of cyber-attacks in a 2019 annual report. Security researchers expressed surprise that NXP did not inform customers of the breach.
View Source
Morgan Stanley latest to downgrade ASML on China, memory, Intel concerns
Economic Times
·
11m ago
Medial
Morgan Stanley downgraded earnings estimates for ASML, a computer chip equipment maker, due to weakness in the memory chip market, concerns over demand from Chinese chipmakers, and cutbacks by Intel. ASML's shares have fallen 30% in recent months. However, Morgan Stanley also highlighted the potential for a strong 2025 due to AI-linked demand for ASML's most advanced tools. Deutsche Bank also expressed doubts about ASML's China business, as over-capacity and potential trade restrictions loom. In contrast, Citi remains positive and sees ASML as their top tech pick in Europe.
View Source
ASML says in annual report export curb worries hit customer spending in 2024
Economic Times
·
5m ago
Medial
ASML, a major computer chip equipment maker, reports that customer spending has weakened due to uncertainties over export controls and technological sovereignty, compounded by US-led restrictions on exports to China. These challenges, highlighted in their annual report, are causing certain customers to limit capital expenditure in 2024. With China accounting for 36% of its sales last year, ASML faces ongoing risks from complex restrictions and potential countermeasures affecting its business.
View Source
Zomato Rolls Out ‘District’ App For Android, iPhone Users
Inc42
·
9m ago
Medial
Zomato is focusing on developing the going out sector by launching its 'District' app, which allows users to find and book tables at restaurants, as well as purchase tickets for various events. In addition, the company has recently introduced two new features named 'Book Now, Sell Anytime' and 'Food Rescue' on its platform.
View Source
Honeywell, NXP Semiconductors expand partnership to develop aviation technology
Economic Times
·
7m ago
Medial
Honeywell and NXP Semiconductors are expanding their partnership to develop AI-driven technology for aviation and autonomous flying. By integrating Honeywell's Anthem avionics with NXP's computing architecture, they aim to enhance flight management and autonomous flying, adapting NXP's automotive autonomy architecture to aviation. The partnership, which builds on previous collaborations, seeks to advance urban travel through technology like electric vertical take-off and landing aircraft, with Vertical Aerospace testing its VX4 using Anthem.
View Source
Trackers
Active Indian VC’s
OG Capital
Email
With a hands-on approach, OG Capital aims to invest in over 20 promising...
Accel Partners
Email
Early and growth-stage investments in disruptive technology companies with...
Blume
Email
Early-stage venture capital firm investing in technology startups in India. Focus on...
Access All Trackers
Startup Showcase Winners
June 2025
Buddy
Helping your parents when you are miles away
BiteStop
The Pit Stop Your Cravings Deserve
Bloomer
The next generation E-commerce platform
Enter Ongoing Startup Showcase
Top Users
Trending News on Medial
Download the medial app to read full posts, comements and news.
Go to Medial App
Not Now
Know everything that’s happening in the startup ecosystem, first.
Enable Notifications?
No, thanks
Count me in
