Followers | 2543 |
Posts | 250731 |
Boards Moderated | 34 |
Alias Born | 05/06/2014 |
Monday, July 24, 2017 12:51:45 PM
Source: Dow Jones News
By Cara Lombardo
The chief financial officer of NXP Semiconductors NV is leaving after three years to serve in the same role at a company that provides manufacturing equipment to the semiconductor industry.
NXP said Monday that Daniel Durn, 50 years old, will leave the company Aug. 6 to become finance chief of Applied Materials. Mr. Durn said in a statement that Applied Materials is "working in the sweet spot of the industry."
Mr. Durn's predecessor at NXP, Peter Kelly, will reassume the CFO post. NXP Chief Executive Rick Clemmer said Mr. Durn helped position the company ahead of its expected acquisition by Qualcomm Inc. That deal, approved by U.S. regulators, is awaiting approval by the European Commission.
Applied Materials said Monday that current CFO Robert Halliday will remain with the company in a business-development role until the end of the year, when he plans to retire.
Applied Materials is larger than NXP, with a market cap of $50.3 billion compared with NXP's $37 billion.
Shares in Applied Materials are up 45% this year, while NXP shares are up 12%. Shares in both companies were little changed in early trading.
(END) Dow Jones Newswires
July 24, 2017 10:27 ET (14:27 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
Recent AMAT News
- Tesla Resolves Autopilot Lawsuit, JPMorgan Unveils Potential CEO Successors, and More • IH Market News • 04/09/2024 10:39:30 AM
- Applied Materials Earns Intel’s 2024 EPIC Distinguished Supplier Award • GlobeNewswire Inc. • 03/28/2024 03:10:39 PM
- Positive Reaction To CPI Data May Lead To Rebound On Wall Street • IH Market News • 03/12/2024 01:08:02 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/11/2024 10:22:33 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/11/2024 10:20:06 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/11/2024 10:18:01 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/11/2024 10:16:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/11/2024 10:13:03 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/11/2024 10:11:21 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/11/2024 10:08:18 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/11/2024 10:05:14 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/11/2024 10:02:44 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 03/11/2024 08:34:54 PM
- Applied Materials Increases Cash Dividend by 25 Percent • GlobeNewswire Inc. • 03/11/2024 11:30:10 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/06/2024 09:39:28 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 03/06/2024 09:36:41 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 02/27/2024 09:02:34 PM
- U.S. Stocks May Lack Direction Following Yesterday’s Modest Pullback • IH Market News • 02/27/2024 02:14:46 PM
- Applied Materials Expands Patterning Solutions Portfolio for Angstrom Era Chipmaking • GlobeNewswire Inc. • 02/26/2024 12:30:02 PM
- Applied Materials to Participate in the Morgan Stanley Technology, Media & Telecom Conference • GlobeNewswire Inc. • 02/20/2024 12:30:55 PM
- Nike Workforce Reduction, The Trade Desk Soars 19% on $606 Million Revenue, and Latest News • IH Market News • 02/16/2024 11:08:22 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/15/2024 09:03:18 PM
- Applied Materials Announces First Quarter 2024 Results • GlobeNewswire Inc. • 02/15/2024 09:01:07 PM
- U.S. Futures Edge Higher Ahead of Key Economic Data Release, Oil Prices See Modest Declines • IH Market News • 02/15/2024 11:35:32 AM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/13/2024 09:58:53 PM
Axis Technologies Group and Carbonis Forge Ahead with New Digital Carbon Credit Technology • AXTG • Apr 24, 2024 3:00 AM
North Bay Resources Announces Successful Equipment Test at Bishop Gold Mill, Inyo County, California • NBRI • Apr 23, 2024 9:41 AM
Epazz, Inc.: CryObo, Inc. solar Bitcoin operations will issue tokens • EPAZ • Apr 23, 2024 9:20 AM
Avant Technologies Launches Advanced AI Supercomputing Network and Expansive Data Solutions • AVAI • Apr 23, 2024 8:00 AM
BestGrowthStocks.com Issues Comprehensive Analysis of Triller Merger with AGBA Group Holding Limited • AGBA • Apr 22, 2024 1:00 PM
Cannabix Technologies to Present Marijuana Breathalyzer Technology at International Association for Chemical Testing (IACT) Conference in California • BLO • Apr 22, 2024 8:49 AM