Nexperia aims for $10bn after record year

Nexperia aims for $10bn after record year

Business news |
By Nick Flaherty

European chip maker Nexperia has seen 49% growth in its discrete and power chip business, with a revenue of $2.14bn.

The company, a subsidiary of Wintech Technology of China, increased its market share by 1% to 9.4% and announced plans to enter the integrated chip business with a design centre in Dallas. This is key to reaching a revenue of $10bn by 2030 in a chip market predicted to be worth $1tn.

Over the last five years, the company has developed manufacturing processes for the highest automotive standards, tripling its investment in fab and assembly capacity in Europe and Asia. The company has fabs in the UK at Manchester and at Hamburg in Germany. “These investments will be significantly increased once again,” said the company.

The company also took over the Newport Wafer fab in Wales, prompting security concerns by the Uk government.

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“The development of our company since its inception has been truly remarkable,” said Stefan Tilger, CFO of Nexperia. “We have been able to drive up sales by at least 30% across all business areas during 2021, recovering well from the Covid 19-related challenges. What is now essential is to scale-up our manufacturing output so we can meet ever heightening customer requirements.”

The existing Nexperia portfolio of more than 15,000 products saw 800 new products being launched by the company in 2021, with more focus on differentiated, unique and combined products rather than discrete logic and level shifters.

“Research and development is vital to the company’s long-term prosperity, which is why we are investing heavily here,” said Tilger. “There have been expansions of our R&D activities globally. In 2021, we invested about 10% of our total revenue in this area and that percentage is expected to rise to 15% in the future. We will continue to invest in growth and enhance our innovation ability to meet the requirements of our customers.”

“We have ambitious plans for the future and will become a world leader in essential semiconductors by 2030, with sales revenues exceeding $10 billion,” he said. “We will achieve this by becoming number one in the market segments we serve, and the financial figures released are a big step towards that goal.”

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