Car chip revenue increased by 24% annually, and NXP Semiconductor said chip demand remains resilient

NXP Semiconductor's Q3 financial report was recently released, showing a year-on-year growth of 20.4% in total revenue and 42.2% in net profit. Kurt Sievers, President and CEO of NXP, is cautious about 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 goods and automotive component chips. "The demand for consumer electronics products such as game consoles and personal computers is decreasing, but the demand for automobiles and industrial chips remains" resilient ".".

According to the data, according to the business division of NXP, the Q3 vehicle business revenue was 1.804 billion US dollars, a year-on-year increase of 24%, accounting for about 50% of the total revenue; Industrial and Internet of Things business revenue was 713 million US dollars, a year-on-year increase of 17%; Mobile terminal business revenue was $410 million, up 19% year-on-year; Revenue from businesses such as communications infrastructure, which totaled $518 million, increased 14% year-on-year.

Due to the large proportion of automotive chip revenue, NXP has avoided the dilemma of rapid decline in semiconductor demand. Like manufacturers in the automotive market, NZP said there was still a shortage of some goods. Investors are now concerned about how long the car market can provide a cushion, and demand has generally declined.

Kurt Sievers said, "Most of the requirements in the chip industry are falling like stones, and there is a problem of excess inventory.". However, in addition, some "continue to maintain healthy demand, and supply and demand remain unbalanced.".

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