Related News

FTC commissioner questions status of Snap AI chatbot complaint

U.S. Federal Trade Commission Commissioner Rebecca Slaughter raised questions on Friday about the status of an artificial intelligence chatbot complaint against Snap that the agency referred to the Department of

AppLovin and Robinhood added to S&P 500

Avishek Das | SOPA Images | Lightrocket | Getty Images Shares of advertising technology company AppLovin and stock trading app Robinhood Markets jumped in extended trading on Friday after S&P

Data center demand is booming. Can the supply of trade workers keep up?

Brandyn Frye feels squeezed by two businesses trending in opposite directions — data centers such as one he manages outside Chicago hum along with soaring demand for workers to keep

Anthropic to pay $1.5 billion to settle authors’ copyright lawsuit

Jaque Silva | Nurphoto | Getty Images Anthropic has agreed to pay at least $1.5 billion to settle a class action lawsuit with a group of authors, who claimed the

Trump threatens trade probe after ‘discriminatory’ EU fines against Google, Apple

US President Donald Trump during a dinner with tech leaders in the State Dining Room of the White House in Washington, DC, US, on Thursday, Sept. 4, 2025. Will Oliver

Roblox announces short-video, AI features amid child safety concerns

Thiago Prudêncio | Sopa Images | Lightrocket | Getty Images Roblox on Friday announced new short-video and AI features that come amid increasing lawmaker scrutiny into how the company protects

NXP Semi shares sink on tariff concerns, CEO Kurt Sievers to step down

Word Count: 159 | Estimated Reading Time: 1 minute

Kurt Sievers, chief executive officer of NXP Semiconductors NV, during the Federation of German Industries (BDI) conference in Berlin, Germany, on Monday, June 19, 2023.

Liesa Johannssen-Koppitz | Bloomberg | Getty Images

NXP Semiconductor Inc. fell about 6% on Monday after the chip company announced that CEO Kurt Sievers will step down as part of its latest earnings.

Here’s how the company did, versus LSEG consensus estimates:

Earnings per share: $2.64 adjusted vs. $2.58 expected
Revenue: $2.84 billion vs. $2.83 billion expected

Sievers will retire at the end of the year, with Rafael Sotomayor stepping in as president on April 28, 2025.

The company beat expectations on the top and bottom lines but cited a “challenging set of market conditions” looking forward.

“We are operating in a very uncertain environment influenced by tariffs with volatile direct and indirect effects,” Sievers said in an earnings release.

The company posted $1.67 billion in auto sales during the first quarter, trailing analyst estimates of $1.69 billion.

This is breaking news. Please refresh for updates.

Source link