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0 0.00107334525939181 0 -0.00107334525939168 -0.00178890876565285 -0.00322003577817531 0.015742397137746 0.017531305903399
Stock impact report

NXP CEO says demand for 'physical AI' boosting outlook [Yahoo! Finance]

STMicroelectronics N.V. (STM) 
Last stmicroelectronics n.v. earnings: 4/22 01:00 am Check Earnings Report
US:NYSE Investor Relations: investors.st.com
Company Research Source: Yahoo! Finance
AI", as businesses apply artificial intelligence ?in industrial systems such as logistics automation, workplace safety and robotics, its new ?CEO told Reuters. "The fastest growing part of our industrial portfolio is the products that have inherent AI ?capabilities," said Rafael Sotomayor in an interview late Tuesday. Sotomayor became CEO in October. "That's what we call physical AI," Sotomayor said. "The intelligence on the edge and industrial. It is a big, big part of our strategy." NXP makes industrial chips, like European peers Infineon and STMicroelectronics, ?but is best known as ?a supplier of chips and related software used in cars, with strengths in radar, advanced driver assistance, networking and infotainment. But "all the technology ?that we developed for automotive, we actually put to work elsewhere in industry," Sotomayor said. "Those intelligent systems, in the same products that make an auto function ... they go into drones, they go ?into robots in the factor Show less Read more
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