“The transcript highlights, in particular, the distinction between NXP’s traditional automotive semiconductor business, which declined, and its advanced driver assistance systems (ADAS) and battery management systems (BMS), both of which grew dramatically, albeit from small bases.”
NXP is kind of like the automotive industry in miniature: vehicle sales are declining today, causing decreases in revenue associated with traditional automotive manufacturing. But in the not-so-distant future, mobility will change and new products, like advanced driver assistance systems and battery management systems, will grow quickly.
And I should also mention that my Forbes.com editor, Alan Ohnsman, has recruited a terrific stable of automotive writers. The daily output of the Forbes.com transportation section is voluminous. Just in the last day you can read about shadow testing at Tesla, Ford’s Q1 earnings, the effect of self-driving cars on the automotive repair market, Ford’s connected vehicles efforts, GM’s upcoming electric pickup truck, Tesla’s cash crunch, Ford’s investment in Rivian, and Waymo’s lidar units.