NXP Semi shares sink on tariff concerns, CEO Kurt Sievers to step down
Kurt Sievers, chief executive officer of NXP Semiconductors NV, during the Federation of German Industries (BDI) conference in Berlin, Germany, on Monday, June 19, 2023. Liesa Johannssen-Koppitz | Bloomberg | Getty ImagesNXP Semiconductor Inc. fell about 7% on Monday after the chip company announced that CEO Kurt Sievers would step down and released first-quarter earnings for fiscal 2025.Sievers will retire at the end of the year, with Rafael Sotomayor stepping in as president on April 28, 2025....
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