NXP Semiconductors' (NXPI) Strong Portfolio Aids Honeywell Deal
NXP(NXPI) Zacks Investment Research·2024-01-16 17:02NXP Semiconductors N.V. (NXPI) is continuously witnessing strong customer momentum on the back of its robust portfolio offerings. Its shares have gained 21.7% in the past year, outperforming the industry’s growth of 15.4%.The company’s latest partnership with Honeywell (HON) holds testimony to the aforesaid fact.Notably, NXP Semiconductors and Honeywell signed a Memorandum of Understanding (MoU) at CES 2024 to enhance commercial buildings' energy control and sensing capabilities.With this collaboration, Hon ...