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NXP managed to book record sales of over 10 billion euros ($11.6 billion) in 2021. This was 28 percent more than in 2020. Chipsets for the automotive sector brought in the most revenue last year.

The Dutch chip manufacturer is performing well, its 2021 results show. In the fourth quarter of 2021 alone, NXP posted sales of $3.04 billion. This is in increase YoY of 21 percent compared to the same period in 2020. So this year is even better than last year, which already showed double-digit growth in all areas for NXP.

Annual sales for 2021 ended up at a record amount of over $11.6 billion. For this record revenue, NXP says that the growth occurred across its portfolio, but especially in the strategic growth segments that the company has defined. Also, the record sales are a result of the high global demand for processors and the current shortage in the market.

Growth in automotive

Most growth was realized in the automotive segment in 2021. For this, NXP supplies chips used in in-car entertainment and navigation systems, embedded diagnostic chips and chips for vehicle-to-vehicle communication for self-driving vehicles.

In addition, NXP chips are often built into gateways in cars that prevent communication with other networks and thus prevent the cars from being hacked. In this market segment, the chip manufacturer realized sales of $1.5 billion in 2021, a growth of 30 percent.

Growth in other areas

Other chipsets from NXP are used in industrial IoT environments, wired and wireless infrastructure, and mobile applications, among others. The market segment for industrial IoT chipsets posted revenue of $661 million in 2021, growing 29 percent. However, revenue from mobile applications declined 9 percent to a total of $374 million.

For the first quarter of this year, the numbers are also positive again, NXP further indicated. For the current quarter, the chip manufacturer expects sales of between $3.025 billion and $3.175 billion.