In line with what we have been seeing in our data since June, and highlighted in our June and July Data Books, $NXP Semiconductors(NXPI.US) made numerous comments today about the beginning of a cyclical demand recovery.
$NXP Semiconductors(NXPI.US) may the first to report, but they won't be the last to make these comments; this narrative is likely to solidify over the next few weeks.It's gratifying to know that @ChipsandWafers subscribers will not be surprised at all, because they have been hearing about this for a month+“The revenue trends in all our focus end markets were above expectations, reflective of increasingly positive cyclical trends”“So in summary, NXP's second quarter results and guidance for the third quarter reflect an increasingly positive view that a new up cycle is beginning to materialize”“I would like to highlight a few focus areas for NXP. First, as Kurt mentioned, based on the signals we track, it appears to us we are in the early stages of a cyclical recovery”Source: Chips & Wafers
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