NXP recently released Q3 earnings, total revenue increased 20.4% year-on-year, net profit increased 42.2% year-on-year. CEO Kurt Sievers (Kurt Sievers) said he is cautious about the development prospects of the chip industry in the coming months, pointing out that market demand is divided into two kinds of chips needed for consumer products and automotive chips, demand from consumer electronics such as game consoles and personal computers is declining, but the demand for automotive and industrial chips is still "resilient. Automotive and industrial chip demand is still "resilient".
Data show that, according to NXP business division, Q3 automotive revenue of $1.804 billion, up 24% year-on-year, accounting for about 50% of total revenue; industrial and IoT business revenue of $713 million, up 17%; mobile device business revenue of $410 million, up 19%; communications infrastructure and other business revenue of $518 million, up 14% year-on-year.
Because of the large share of revenue from automotive chips, NXP avoided the dilemma of a rapid decline in demand for semiconductors. Like vendors in the automotive end of the market, NXP said there is still a shortage of some products here. Investors are now concerned about how long the automotive-side market can provide a cushion under the widespread decline in demand.
Most of the demand in the chip industry is falling like a rock, and there is an inventory overhang," said Schiff. But the other part "continues to retain a healthy demand, supply and demand is still unbalanced.
Source：aijiwei
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