Dutch chipmaker NXP sees sales growth averaging 6-10% -CEO

FILE PHOTO: A view of the exterior of NXP semiconductors computer chip fabrication plant in Nijmegen, Netherlands March 14, 2024. REUTERS/Piroschka van de Wouw/File Photo

AMSTERDAM (Reuters) - Dutch-headquartered semiconductor maker NXP expects sales growth averaging 6%-10% over the next three years, CEO Kurt Sievers said on Thursday.

Speaking at the company's investor day in Boston, Sievers said the automotive chipmaker's gross margins should be around 60%, with growth coming from increasing adoption of its S32 platform.

NXP reported third-quarter earnings on Monday that showed weakness in industrial and automotive markets in Europe and the Americas.

(Reporting by Toby Sterling; editing by David Evans)