NXP Shares Fall After Announcing New CEO, Tariff Warning

NXP Semiconductors NV first-quarter revenue fell 9% to $2.84 billion.
Photographer: Brent Lewin/Bloomberg

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By Christina Kyriasoglou

April 28, 2025 at 4:31 PM EDT

Updated on

April 29, 2025 at 10:18 AM EDT

NXP Semiconductors NV shares fell on Tuesday after the company announced a new chief executive officer as part of its quarterly earnings report and warned that tariff threats have created “a very uncertain environment.”

CEO Kurt Sievers, 56, will retire from the company late this year, the Dutch chipmaker said in a statement on Monday. Rafael Sotomayor, a current NXP executive, will take the president role immediately and become CEO on Oct. 28.