NXP Semiconductors (NXPI) Adds S32 CoreRide to Auto Portfolio
NXPINXP(NXPI) Zacks Investment Research·2024-04-02 01:06

NXP Semiconductors N.V. (NXPI) is leaving no stone unturned to capitalize on growth opportunities present in the software-defined vehicle (SDV) market. Per a MarketsandMarkets report, the SDV market is expected to reach $419.7 billion by 2028, exhibiting a CAGR of 9.1% between 2023 and 2028. Notably, the company’s introduction of its S32 CoreRide platform testifies to the aforesaid fact. The platform is designed by combining NXPI’s S32 compute, networking, system power management and software from its partn ...