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Responding to high demand, X-Fab is investing 1 billion dollars to expand manufacturing capacity at its sites across Europe, as well as Malaysia and the US. Key investment projects include the French site near Paris, which churns out 180nm automotive chips. The analog and mixed-signal foundry will also gradually expand its SiC power semiconductor business, targeting a capacity of 17k wafer starts per month by 2025.
The announcement follows the publication of X-Fab’s results and outlook. Last year, the company’s revenue came in at 739.5 million dollars, up 12 percent year-on-year. All business segments did well, but automotive stood out with 25 percent revenue growth YoY in the closing quarter. “X-Fab is in the sweet spot of the semiconductor market and our expertise in specialty applications for the automotive, industrial and medical sectors continues to get a lot of traction in the market,” says CEO Rudi De Winter.
The company expects this year’s revenue to reach 880-960 million dollars (up 24 percent YoY at midpoint). “We’re well on track to not only reach our 1-billion-dollar revenue target in 2024, but to continue to grow strongly beyond,” De Winter adds.