Nexperia announces 2023 results
Investments and ongoing progress pave the way for future growth, says company
Nexperia has announced its financial results for 2023 with a total revenue of $2.15 billion compared to $2.36 billion in 2022.
The company says its financial performance reflects a challenging year for the semiconductor industry. Also, despite the decline in revenue and weak market demand, the product revenue in the traditionally strong automotive segment grew significantly.
The company is emphasising its green credentials in these results, having released its first ESG report in 2023, and raising a $800 million Senior Sustainability-Linked Loan (SLL), to achieve carbon neutrality by 2035 for scope 1 and 2 emissions.
"2023 marked a significant investment year for Nexperia, towards upgrading and expanding our product portfolio in power discretes, modules, analogue & power ICs. This investment represents 13 percent of our revenue, aligning us with industry standards and emphasises our commitment to long term growth. Looking ahead to 2024, while uncertainties persist in Europe and North America, we are encouraged by increasing demand levels in Asia. Despite market fluctuations, we remain dedicated to delivering value to our stakeholders," said Stefan Tilger, CFO, Nexperia.
"TeamNexperia has shown remarkable resilience in navigating the challenges of the past year, reaffirming the underlying strength and progress of our company. Despite the challenges, we remain committed to investment and innovation, laying the groundwork for a promising future. Together, we are poised to seize the vast opportunities ahead" - Wing Zhang, CEO, Nexperia.
