Chip maker NXP out of the red

NXP Semiconductors posted net profit in the second three months of this year and said quarter on quarter sales were up over 26%.

Second quarter earnings reached $344m, compared with a loss of $568m in the first three months of this year.
NXP said total group second-quarter sales rose to $903m from $702m in the first quarter and it expects third-quarter sales to rise between 10 and 20%, news agency Reuters said.
‘Although we have recently experienced positive order book developments, we believe this may be driven mainly by supply chain replenishment and not by a fundamental improvement of the semiconductors market, apart from China where we have seen real demand increase and recent improvements in other Asian countries,’ the company said in a statement.

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