COVID-19 pandemic: NXP Semiconductors expects Q1 FY 2020 revenue to fall 3.5% y/y to USD2.02 billion
NXP had initially expected a USD50 million to USD150 million hit on its revenue forecast for the first quarter
NXP Semiconductors has further cut its first quarter for full year 2020 estimates, citing worse than anticipated impact from the (COVID-19 pandemic, a company press release from 7 April read.
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