The environment is facing uncertainty. NXP expects its second quarter revenue to decline year-on-year.

According to the Smart Financial News APP, NXP Semiconductors (NXPI.US) announced the appointment of a new CEO in its quarterly performance, and warned that the chip manufacturer is in a "very uncertain environment" due to tariffs. The financial report shows that NXP's first quarter revenue fell 9% year-on-year to $2.84 billion, with adjusted earnings per share of $2.64. Analysts had previously expected revenue of $2.83 billion and earnings per share of $2.60.