NXP Semiconductors NV at JPMorgan Auto Conference Transcript
Okay, why don't we go ahead and get started? Good morning and welcome to JPMorgan's 2019 Auto Conference.
My name is Harlan Sur, I am a semiconductor and semiconductor capital equipment analyst with the firm.
Very pleased to have the global market share leader in automotive semiconductors here with us this morning, NXP semiconductor. Joining me this morning are NXP's President, Kurt Sievers; and Jeff Palmer, Head of Investor Relations.
Now being the #1 market share leader in the automotive semiconductor market means revenue scale in NXP's auto business is going to drive about $4.2 billion in revenues this year. It means R&D scale, technology leadership, broad customer penetration. Over the past 5 years, pro forma for acquisitions, we estimate that the team has grown its auto semiconductor business at a 10% annualized growth rate, very impressive obviously relative to the 2% to 3% or so annualized automotive production growth rates over the same period of time.
So I've asked Kurt to spend a
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