NXP second-quarter revenue falls 6%

FILE PHOTO: The logo of Dutch chipmaker NXP is seen at their headquarters as NXP receives a 1 billion euro loan for Europe-based chip research in Nijmegen, Netherlands January 15, 2025. REUTERS/Piroschka van de Wouw/File Photo

(Reuters) -Chipmaker NXP Semiconductors posted a 6% drop in second-quarter revenue on Monday, led by weakness in communications and infrastructure segment amid broader market softness.

NXP's revenue for the second quarter fell 6.4% to $2.93 billion, although it still narrowly beat analyst expectations of $2.90 billion, according to data compiled by LSEG.