After record revenue in 2021, NXP upbeat about 2022 too

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NXP reports a record revenue of 11.1 billion dollars over 2021, an increase of 28 percent year-on-year. The chipmaker saw accelerating demand across all end-markets, though the increase was most profound for its two largest divisions, ie automotive (5.5 billion dollars, +44 percent YoY) and Industrial & IoT (2.4 billion dollars, +31 percent). Operating income skyrocketed from 418 million dollars in 2020 to 2.6 billion dollars in 2026.

Credit: NXP

“In review, 2021 was an excellent year for NXP. We experienced significant design-win traction across the entire portfolio and especially within the areas of our strategic growth drivers. We continue to see growing customer demand, outstripping supply, as inventory across all end-markets remains very lean. Taken together, this underpins our continued confidence of robust growth throughout 2022,” comments CEO Kurt Sievers.