NXP Semiconductors takes over Austrian software company + US blacklist weighs on sentiment in China + VW management level salary waiver of over 300 million euros
NXP $NXPI (+1.97%)Semiconductors takes over Austrian software company
- The European-American chip manufacturer NXP Semiconductors wants to take over the Austrian software company TTTech Auto.
- The semiconductor group is prepared to pay 625 million dollars for the purchase.
- The acquisition is intended to strengthen the automotive division.
- NXP is already one of the largest chip suppliers to the global automotive industry.
- TTTech Auto offers software for the digital control of cars.
- The start-up has its own development and program platform and is already working together with NXP.
- Together they develop programs for software-defined vehicles (SDV).
Markets in the US and Asia / US blacklist weighs on sentiment in China
- While the political tensions between Washington and Beijing are once again weighing on the Chinese stock markets, the Seoul stock exchange is also up significantly, supported by gains in the share price of heavyweight Samsung Electronics.
- The Tokyo stock exchange reacted to the negative cues from Wall Street with slight losses.
- In Shanghai, the Composite Index lost 1.2 percent after the US contradicted reports that the planned higher tariffs by the new US administration under Donald Trump could be less drastic than previously assumed.
- Technology stocks sold off after disappointing statements by Nvidia CEO Jensen Huang sent Nvidia shares $NVDA (-1.16%) had sent the Nvidia share plummeting.
- Tencent $TCEHY (-1.49%) remained under pressure and lost 2.6 percent.
- They had already fallen by over 7 percent the previous day after the USA blacklisted Tencent and other Chinese companies due to suspected links to the Chinese military.
VW $VOW (+1.83%)Management level salary waiver of over 300 million euros
- Volkswagen's management level is participating in the cost-cutting program by 2030 with a salary waiver of over 300 million euros, with the contribution of the Board of Management being disproportionately high, says Chief Human Resources Officer Gunnar Kilian.
- The restructuring program provides for the reduction of 35,000 jobs in Germany, with 29,000 jobs to be cut in Lower Saxony, without compulsory redundancies.
Wednesday: Stock market dates, economic data, quarterly figures
- ex-dividend of individual stocks
- Comcast USD 0.31
- Quarterly figures / company dates USA / Asia
- No time specified: Samsung key data 2024
- Quarterly figures / company dates Europe
- 07:00 Grenke new business and contribution margin 4Q
- 08:00 Shell Q4 turnover
- Economic data
08:00 DE: New orders November seasonally adjusted FORECAST: 0.0% yoy previously: -1.5% yoy | Manufacturing sales November seasonally adjusted FORECAST: n.a. previous: -1.2% yoy
08:00 DE: Retail sales November seasonally adjusted real OUTLOOK: +1.0% yoy previous: -0.5% yoy
08:45 FR: Consumer Confidence December PROGNOSE: 90 previous: 90
11:00 EU: Producer Prices November Eurozone OUTLOOK: +1.0% yoy/-1.8% yoy previous: +0.4% yoy/-3.2% yoy
11:00 EU: Economic Sentiment Index December Economic Sentiment Eurozone Forecast: 95.6 Previous: 95.8 Eurozone Industrial Confidence Forecast: -12.1 Previous: -11.1 Eurozone Consumer Confidence Forecast: -14.5 Previous: -14.5 Previous: -13.8
14:15 US: ADP Labor Market Report December Private Sector Employment FORECAST: +136,000 Previous: +146,000 jobs
14:30 US: Initial jobless claims previous week FORECAST: 215,000 Previous: 211,000
20:00 US: Minutes of the December 17/18 FOMC meeting
21:00 US: Consumer Credit 11/24
