NXP Semiconductors NV shares fell on Tuesday after the company announced a new chief executive officer as part of its quarterly earnings report and warned that tariff threats have created “a very uncertain environment.”
CEO Kurt Sievers, 56, will retire from the company late this year, the Dutch chipmaker said in a statement on Monday. Rafael Sotomayor, a current NXP executive, will take the president role immediately and become CEO on Oct. 28.
Tariffs announced by US President Donald Trump threaten to add further upheaval to the semiconductor industry, which has been working through a backlog accumulated after ...
