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Nexperia is growing into a new set of clothes
Reading time: 5 minutes
Liberated from its cash-cow yoke, Nexperia has been growing healthily since it was divested from NXP in 2017. Now, the semiconductor company has cranked up the ambition level, venturing out beyond standard products.
“When I present an investment proposal to our CEO Xuezheng Zhang these days, I don’t just get an approval, I get asked: can you do more? Can you do this faster? Can you double it? In the 30 years I’ve been working in the semiconductor industry, it has never happened to me that I want to hire 15 new engineers, only to be suggested that 20 or 30 might be better,” says Dan Jensen, general manager of Nexperia’s business group Analog & Logic ICs (A&L).
To be fair, Jensen adds, that go-getter mentality has been there ever since Nexperia was divested from NXP in 2017. Formerly a cash cow, the Standard Products division grabbed its newfound freedom with both hands and started to invest heavily. Last year, the construction of a brand-new 1.85-billion-dollar power semiconductor fab in China was announced. R&D expenditure went up from 7.1 percent of sales in 2017 to 9.0 percent in 2020 – and that’s with sales climbing from 1.1 billion dollars in 2017 to 1.4 billion dollars in 2019 (the 2020 financial results haven’t been published yet).
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