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Auto chip revenue increased by 24% annually, CEO of NXP Semiconductor said that chip demand remained resilient
Source:SPARKLAND ELECTRONICS CO.,LIMITED Time:2021-12-15
NXP Semicondutros recently released its Q3 financial report, with a year-on-year growth of 20.4% in total revenue and 42.2% in net profit. Kurt Sievers, president and CEO of NXP, took a cautious view of the development prospects of the chip industry in the coming months, pointing out that the market demand is divided into two types: chips for consumer products and automotive chips. The demand for consumer electronic products such as game consoles and personal computers is decreasing, but the demand for automotive and industrial chips is still "resilient".
Auto chip revenue increased by 24% annually, CEO of NXP Semiconductor said that chip demand remained resilient
Data shows that according to NXP’s business division, Q3’s auto business revenue was 1.804 billion US dollars, up 24% year on year, accounting for about 50% of the total revenue; The revenue of industrial and Internet of Things business was 713 million US dollars, up 17% year on year; The revenue of mobile equipment business was 410 million US dollars, up 19% year on year; The revenue of communication infrastructure and other businesses was 518 million US dollars, up 14% year on year.
Because the revenue from automotive chips accounted for a large proportion, NXP avoided the dilemma of rapid decline in semiconductor demand. Like manufacturers in the automotive end market, NXP said that there is still a shortage of some products here. Investors are now concerned about how long the automotive end market can provide a buffer under the widespread drop in demand.
Kurt Sievers said, "Most of the demand in the chip industry is falling like a rock, and there is a problem of excess inventory". But the other part "continues to maintain healthy demand, and the supply and demand are still unbalanced".
Auto chip revenue increased by 24% annually, CEO of NXP Semiconductor said that chip demand remained resilient
Data shows that according to NXP’s business division, Q3’s auto business revenue was 1.804 billion US dollars, up 24% year on year, accounting for about 50% of the total revenue; The revenue of industrial and Internet of Things business was 713 million US dollars, up 17% year on year; The revenue of mobile equipment business was 410 million US dollars, up 19% year on year; The revenue of communication infrastructure and other businesses was 518 million US dollars, up 14% year on year.
Because the revenue from automotive chips accounted for a large proportion, NXP avoided the dilemma of rapid decline in semiconductor demand. Like manufacturers in the automotive end market, NXP said that there is still a shortage of some products here. Investors are now concerned about how long the automotive end market can provide a buffer under the widespread drop in demand.
Kurt Sievers said, "Most of the demand in the chip industry is falling like a rock, and there is a problem of excess inventory". But the other part "continues to maintain healthy demand, and the supply and demand are still unbalanced".
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