Chipmaker NXP could make up to 10% of revenue from India by 2030, executive says
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NXP Semiconductors is expected to generate 8% to 10% of its revenue from India in the next three to five years, highlighting the growing importance of India's chip market.
January 06, 2025 | 5:30 pm
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NXP Semiconductors is projected to derive 8% to 10% of its revenue from India in the next three to five years, indicating a strategic focus on the emerging Indian chip market.
The news highlights NXP's strategic focus on the Indian market, which is expected to contribute significantly to its revenue. This could positively impact NXP's stock as it taps into a growing market.
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