NXP Semiconductors N.V. NXPIis slated to release first-quarter 2018 results on May 2. Notably, the company beat estimates in two of the trailing four quarters, delivering an average positive earnings surprise of 17.52%. In the last reported quarter, the company came up with a positive earnings surprise of 76.
37%.Let’s take a look at how things are shaping up prior to this announcement.
Factors to Consider
NXP Semiconductors is strengthening its position in the Internet of Things (IoT) market. Recently, the company collaborated with Alibaba BABAGroup’s operating system for IoT solutions called AliOS. The partnership is aimed at accelerating the development of smart cars in China.
In February, the company unveiled EdgeScale, “a management suite for secure edge computing”. NXP also collaborated with Kontron for the further development of edge computing, which will assist “Microsoft Azure IoT and Time Sensitive Networking (TSN) technologies” to meet the requirements of new age industrial IoT implementations.
The company also announced a partnership with LG Electronics and HELLA Aglaia for the development of automotive vision applications. Notably, the company also announced the availability of Automated Drive Kit for the development and testing of automated vehicle related applications.
Notably, Qualcomm’s QCOMproposed acquisition of NXP Semiconductor is facing a headwind with the Chinese Ministry of Communications (MOFCOM) saying that Qualcomm must make more concessions for local players.