NXP is now on the list of top five semiconductor companies

Many Apple (AAPL) suppliers who diversified their revenue streams, especially in automotive, reported strong growth in fiscal 2Q16, and NXP Semiconductors (NXPI) was no exception. NXP Semiconductors, which acquired Freescale in December 2015, reported fiscal 2Q16 earnings that met analysts’ expectations. However, its fiscal 3Q16 guidance is lower than the analysts’ estimates, as the company expects overall demand to remain soft throughout fiscal 2016.