NXP Semiconductors

NXP Semiconductors is a leading supplier of chips for the automotive industry, along with strong positions in industrial, communications infrastructure and secure connectivity. As cars grow more electrified and software-defined, NXP's processors, sensors and networking components sit at the heart of a durable, high-content growth theme. NXP began paying a dividend within the past decade and has raised it briskly since, alongside meaningful buybacks funded by healthy free cash flow. The yield is on the lower side, typical of a semiconductor firm still prioritising growth, but the payout has climbed at a strong pace from a conservative base. It offers a reasonable, growing income stream tied to the long-term rise in chip content per vehicle.