STMicroelectronics finalizes $45M MEMS sensor acquisition from NXP
NXP Semiconductors has completed the sale of its MEMS sensors business to STMicroelectronics following full regulatory approval, exiting a unit that generated roughly $45 million per quarter. This divestiture will shift $45 million in quarterly revenues to ST and refocus NXP’s product lineup.
1. Q4 Earnings Outperform Consensus Estimates
NXP Semiconductors reported fourth-quarter earnings of $3.35 per share, surpassing the Zacks Consensus Estimate of $3.30 and marking a 5.3% increase from the $3.18 reported in the year-ago quarter. This result reflects stronger-than-anticipated demand in its automotive and industrial end markets, driven by higher content per vehicle and accelerated rollout of advanced driver-assistance systems. The outperformance on the bottom line underscores the company’s ability to leverage pricing, mix and operational efficiencies despite a macro environment of moderated semiconductor inventory replenishment.