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NXP Semiconductor delivers mixed results as mobile and IoT chip demand falters

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NXP Semiconductor delivers mixed results as mobile and IoT chip demand falters

Shares of NXP Semiconductor N.V. fell in extended trading today after the chipmaker delivered mixed quarterly results and guidance for the first quarter of fiscal 2023 that came in below expectations.

The company reported a net income for the fourth quarter of $602 million, with earnings before certain costs such as stock compensation coming to $2.76 per share, just shy of Wall Street’s forecast of $2.77 per share. Revenue for the period rose 19%, to $3.31 billion, beating the $3.3 billion consensus estimate by a whisker.

NXP President and Chief Executive Kurt Sievers (pictured) said in a statement that while the company’s automotive chip business has “performed very well” over the last year, its consumer internet of things and mobile chipmaking units were hit by a “softening demand environment” in the second half of 2022.

“We have adopted a vigilant operational stance, aiming to improve service to those customers who continue to experience material shortages while managing the distribution-channel inventory levels well below our long-term targets,” the CEO added.

NXP sells a wide portfolio of computer chips to customers in multiple industries. The company is best known for its automotive semiconductors that power everything from car infotainment systems to tire pressure monitoring systems and vehicle-to-vehicle communications. In addition, NXP sells chips for identification, wired and wireless infrastructure, lighting, consumer, mobile and computing applications.

Wall Street investors have grown nervous about the semiconductor industry in recent months, with larger players like Intel Corp. and Nvidia Corp. reporting significant demand struggles and growing inventories. However, auto-focused chipmakers like NXP have managed to avoid the worst of the downturn.

The continued demand for automotive chips was evident in NXP’s breakdown of its sales, as that business unit accounted for more than half of its overall revenue in the quarter. The automotive segment delivered $1.8 billion in sales, up 17% from a year earlier.

However, it was a much grimmer picture in NXP’s other business segments. For instance, the Industrial and IoT segment reported revenue of $605 million, down 15%, while sales of mobile chips were flat at $408 million. NXP’s “communications, infrastructure and other” segment suffered a 5% drop, with revenue of $494 million.

For the first quarter of fiscal 2023, NXP is forecasting earnings of between $2.82 and $3.22 per share on revenue of $2.9 billion to $3.1 billion, lower than Wall Street’s guidance of $3.14 per share in earnings and $3.17 billion in revenue.

Holger Mueller of Constellation Research Inc. told SiliconANGLE that NXP has been a notable standout in the chipmaking sector, growing its full-year revenue by about 10% while the majority of its rivals have seen sales fall off a cliff. “The question is whether or not NXP can keep this up,” Mueller said. “Most likely NXP is going to be heading downwards in the not-too-distant future.”

Investors may be inclined to feel the same way. NXP’s stock fell more than 3% in late trading on the report, having declined just over a percentage point in the regular session on a down day for the overall market.

Photo: NXP Semiconductor

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The Top 10 Benefits of Amazon AWS Lightsail: Why It’s a Great Choice for Businesses

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Amazon Web Services (AWS) is a popular cloud computing platform that offers a wide range of services to individuals and businesses alike. One of the services offered by AWS is Amazon Lightsail, which is a simplified and user-friendly way to launch and manage virtual private servers (VPS). In this article, we will discuss the benefits of using Amazon Lightsail for your business.

Cost-effective

One of the primary advantages of using Amazon Lightsail is its cost-effectiveness. The service offers a flat monthly fee for each instance, which makes it easy to predict costs and plan for your budget. Moreover, the pricing is transparent, with no hidden costs or surprises.

Lightsail Pricing

User-friendly

Amazon Lightsail is designed to be user-friendly, making it easy for even non-technical users to deploy and manage virtual private servers. The platform provides a simplified control panel that includes pre-configured software packages, such as WordPress, LAMP, and more. These packages are preconfigured, making it easy to deploy and set up a web application in minutes.

Scalable

Amazon Lightsail is designed to be scalable, which means you can easily upgrade your resources as your business grows. The platform provides a range of instance sizes to choose from, with varying CPU, RAM, and storage options. You can also scale up or down as needed, making it easy to manage your resources and costs.

Reliable

Amazon Lightsail is built on top of the AWS infrastructure, which means it benefits from AWS’s robust and reliable cloud infrastructure. This ensures that your applications and data are always available and accessible, with minimal downtime.

Secure

Amazon Lightsail provides a secure and reliable environment for your applications and data. The platform includes a range of security features, such as built-in firewalls, DDoS protection, and SSL/TLS encryption. Moreover, Lightsail instances are isolated from each other, which provides an additional layer of security.

Integrated with AWS services

Amazon Lightsail is fully integrated with other AWS services, making it easy to use Lightsail with other AWS services such as Amazon S3, Amazon RDS, and more. This integration provides a comprehensive cloud computing platform, enabling you to build and run complex applications.

Quick and easy deployment

Amazon Lightsail provides a quick and easy way to deploy web applications, with pre-configured templates for popular applications such as WordPress, Drupal, Joomla, and more. This makes it easy to deploy a web application in just a few clicks, without the need for technical knowledge.

High-performance

Amazon Lightsail instances are built on top of the latest generation of AWS infrastructure, providing high-performance and low-latency connectivity. This ensures that your applications and data are always accessible and responsive, with fast and efficient data transfer.

Easy to manage

Amazon Lightsail provides a simplified management interface, making it easy to manage your virtual private servers. The platform includes tools for monitoring your instances, configuring backups, managing DNS records, and more. Moreover, the platform provides a range of APIs and CLI tools, making it easy to automate management tasks.

Flexible

Amazon Lightsail is flexible, allowing you to choose the operating system and software stack that best suits your needs. The platform supports a range of operating systems, including Ubuntu, Debian, CentOS, and more. Moreover, you can install and configure any software stack that you need, giving you complete control over your environment.

In conclusion, Amazon Lightsail is a cost-effective, user-friendly, scalable, reliable, secure, integrated, quick, high-performance, easy-to-manage, and flexible platform for deploying and managing virtual private servers. If you’re looking for a simplified and efficient way to manage your cloud computing resources, Amazon Lightsail is definitely worth considering.

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Binance’s BNB Chain to Offer New Decentralized Storage System

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Binance’s BNB Chain to Offer New Decentralized Storage System

The release of the decentralized storage system’s white paper was having a modest effect on the price of other storage tokens on Wednesday. Filecoin (FIL), storj (STORJ), and arweave (AR) are now trading 2%, 5% and 6%, respectively, above their pre-announcement prices.

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The Marvelous Mrs. Maisel Set Sounds Absolutely Delightful, Thanks To Rachel Brosnahan’s Adorable Pig Story

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Rachel Brosnahan playing Midge in the Season 4 trailer for Marvelous Mrs. Maisel.

Over the course of four seasons, and soon a fifth installment, The Marvelous Mrs. Maisel has managed to one-up themselves and make the scale bigger, the set pieces more extravagant and the monologues snappier. While all of this has been amazing for us viewers, one-upping yourself every time must be quite stressful, and it has been according to Rachel Brosnahan. However, she also came up with an adorable way to de-stress and help the cast and crew by hiring therapy pigs. This also goes to show just how delightful the set of this Prime Video show seems, even during stressful moments. 

Filming Season 2 of The Marvelous Mrs. Maisel, which went on to win many Emmys in 2019, the cast and crew had taken on a much bigger challenge than they did in Season 1. By traveling around the world, and upping the ante overall the stress levels were high. However, Rachel Brosnahan revealed that she had a “delightful” stress relief activity planned involving therapy pigs, truly showing how wonderful this set seems. The actress behind Midge Maisel started her story about therapy pigs by setting the scene on The Late Show with Stephen Colbert, saying:  

So this is actually from our second season, we shot ten episodes during our second season, that’s the only time we ever did that, we never tried it again. We started the season in Paris, we traveled to the Catskills, we were on the move a lot. It was a really, really tough season. The crew was really tired. And toward the end of the season, someone had told me about this service in New York, where you can order therapy pigs to come to your workplace and make you feel better. And so, I brought therapy pigs to set and it was kind of incredible.



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