NXP sees weak start to 2024
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NXP Semiconductors saw revenues up slightly for 2023, despite the industry downturn.
2023 revenue at NXP was $13.28bn, up 1%, while Q4 revenue was up 3% to $3.42bn. The company sees a weak Q1, down between 6 and 12%, with $3.125bn at the mid-point.
“NXP delivered full-year 2023 revenue of $13.28 billion, an increase of 1 percent year-on-year. In the fourth quarter, revenue was $3.42 billion, an increase of 3 percent year-on-year, above the mid-point of our guidance range. We are navigating a soft landing by managing what is in our control, especially limiting over shipment of products to customers,” said Kurt Sievers, NXP President and CEO.
Automotive remains the largest part of the business at $7.48bn, up 9% on the previous year. Industrial and IoT was 2.35bn, down 13%, while mobile was 1.3bn, down 17%. Similar trends were also reported by onsemi and ST Microelectronics in recent results.
- NXP sees flat 2023 despite automotive boost
- Pan-European teams look to 5nm, 6G R&D
- NXP sees dip but remain bullish
All the key announcements in the fourth quarter it highlights are for automotive. It points to the investment in and collaboration with Zendar, a software start-up developing high-resolution radar that approaches LIDAR performance. The two will collaborate on enhanced high-resolution radar systems by leveraging Distributed Aperture Radar (DAR), allowing a simplified radar system solution.
It also expanded its scalable S32 vehicle compute platform with the introduction of the S32M2. The purpose-built motor control solution is optimized for efficiency improvement across vehicle edge node applications and addresses the needs of the emerging software-defined electric vehicle market.
- System in package combines MCUs and analog power
- NXP backs Zendar for 4D radar
- Ultrawideband chip combines ranging and short range radar
It also announced the Trimension NCJ29D6, a fully integrated automotive single-chip Ultra-Wideband (UWB) family combining next-generation secure and precise real-time localization with short-range radar to address multiple use cases with a single system, including secure car access, child presence detection, intrusion alert, gesture recognition and more. Integrated by major automotive OEMs, these devices are expected to be on the road in model year 2025 vehicles.
Related NXP microcontroller articles
- FRDM development board returns with MCX A
- Aiming for microcontroller Nirvana
- First MCX microcontrollers with machine learning
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