NXP Semiconductors

NXPI

NXP Semiconductors N.V. is an American Dutch semiconductor manufacturer with headquarters in Eindhoven, Netherlands and Austin, United States. The company employs approximately 31,000 people in more than 35 countries, including 11,200 engineers in 33 countries. NXP reported revenue of $9.4 billion in 2018.Originally spun off from Philips in 2006, a merger agreement was announced with Freescale Semiconductor in March 2015, to form a US$40 (equivalent to $43.14 in 2019) billion company. The acquisition closed on 7 December 2015. On 27 October 2016, it was announced that Qualcomm would try to buy NXP, but because the Chinese merger authority did not approve the acquisition before the deadline set by Qualcomm, it was effectively cancelled on 26 July 2018.

NXP Semiconductors has been a target of short sellers for a while. The current short interest of 3.41% is roughly at the average of the last 12 months (3.22%).