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Apple chipmaker NXP looks to autos to outpace rivals' growth

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A man works on a tent for NXP Semiconductors in preparation for the 2015 International Consumer Electronics Show (CES) at Las Vegas Convention Center in Las Vegas, Nevada January 4, 2015. REUTERS/Steve Marcus

By Harro Ten Wolde

FRANKFURT (Reuters) - Chipmaker NXP Semiconductors, the world's top manufacturer of electronics in cars and a producer of chips used in Apple iPhones, gave an upbeat outlook for its growth prospects on Thursday.

The company, which completed its nearly $12 billion acquisition of Freescale last year, told investors it expects to outperform its peers until 2019 by growing at a compound annual rate of between 5 and 7 percent.

NXP also...