XP’s performance in H119 was subdued by trade tariffs and the continued downturn in the semiconductor market, which masked the strong demand seen from industrial, healthcare and technology customers. Management is taking action to minimise the effect of trade tariffs and reduce manufacturing costs while ensuring it has access to key components and is preparing for Brexit. Despite short-term pressures, the company is confident that broad-based design wins position it well for future growth.
01 Aug 2019
XP Power - Executive interview
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XP Power - Executive interview
XP Power Ltd. (XPP:LON) | 1,096 372.6 3.2% | Mkt Cap: 259.6m
- Published:
01 Aug 2019 -
Author:
Katherine Thompson -
Pages:
2
XP’s performance in H119 was subdued by trade tariffs and the continued downturn in the semiconductor market, which masked the strong demand seen from industrial, healthcare and technology customers. Management is taking action to minimise the effect of trade tariffs and reduce manufacturing costs while ensuring it has access to key components and is preparing for Brexit. Despite short-term pressures, the company is confident that broad-based design wins position it well for future growth.