+44 (0)24 7671 8970
More publications     •     Advertise with us     •     Contact us
 
News Article

X-FAB Announces Double-Digit Sales Growth in 2013

News

Analog/mixed-signal foundry group X-FAB Silicon Foundries has announced sales of USD 290 million for fiscal year 2013, an increase of 12 percent compared to the previous year with sales of USD 259 million. NRE revenue as an indicator for future growth has been increasing during the past four years with a compound annual growth rate of 17 percent. In 2013, bookings amounted to USD 320 million, up approximately 27 percent year-over-year. The book to bill ratio for 2013 came in at 1.1. Operating income (EBIT) in 2013 amounted to USD -16 million, which is an increase of USD 36 million compared to the previous year, and earnings before tax (EBT) were at USD 18 million. The current year kicked off with further growth. First quarter sales in 2014 are expected to increase by 18 percent compared to the same quarter last year.

In addition to its financial reporting, X-FAB announced that Rudi De Winter will become sole chief executive officer of X-FAB Group as of June 2014, a move he and Hans-Juergen Straub planned and prepared together for the past three years while they served as co-CEOs. Hans-Juergen Straub, who has served as CEO since X-FAB's inception 22 years ago, will continue to serve on the Board of Directors of X-FAB Silicon Foundries SE.

In recent years, X-FAB successfully aligned its offerings and expertise to match market and customer demand. X-FAB now is engaged in three major business areas:

"¢   More than Moore. X-FAB remains one of the leading "More than Moore" Foundries offering its customers a broad spectrum of analog/mixed-signal technologies combined with outstanding support. Major target markets are the automotive and industrial segments.

"¢   MEMS. X-FAB has become a major MEMS foundry with sales in that field increasing significantly. In 2013, MEMS revenue grew by approximately 50 percent year-over-year. Customers benefit from X-FAB's more than 20 years of experience and have access to the expertise of two dedicated MEMS fabs located in Erfurt and Itzehoe, Germany; these fabs offer a wide range of MEMS technologies ready for high-volume manufacturing. MEMS customers also benefit from having direct access to the CMOS fabs of X-FAB for integrating MEMS and CMOS on a single chip. X-FAB expects further growth in MEMS business and currently is expanding its MEMS manufacturing capacities.

"¢  Outsourcing partner. X-FAB is a well-established partner for outsourcing scenarios. In recent years, X-FAB observed an increasing number of inquiries by customers seeking to establish a second source to free in-house capacity or find an alternative source due to a fab closure. To date, X-FAB has completed more than 60 process transfers including special technologies, such as a project to manufacture lithium batteries on silicon wafers.

Two changes in organizational structure enable X-FAB to support the strategic alignment and position itself for further growth. X-FAB introduced a MEMS Business Unit as well as a dedicated outsourcing team.

"I feel strongly now is the best time for a change," said Hans-Juergen Straub, Co-CEO of

X-FAB Group. "X-FAB is in fine shape and the strategic alignment is completed. I will be delighted to see the company grow and am convinced that X-FAB will continue to play a vital role in making the European semiconductor industry a hot spot for sophisticated "˜More than Moore' technologies."

Rudi De Winter, Co-CEO of X-FAB Group, added: "I would like to thank Hans-Juergen Straub for his contribution to X-FAB, in particular for growing the company to become a well-respected worldwide player in the semiconductor industry. I am enthusiastic about continuing to work together with X-FAB's customers and the X-FAB team on our wide portfolio of "More than Moore" technologies, and to further grow a successful foundry business."

Purdue, imec, Indiana announce partnership
Resilinc partners with SEMI on supply chain resilience
NIO and NXP collaborate on 4D imaging radar deployment
Panasonic Industry digitally transforms with Blue Yonder
Global semiconductor sales decrease 8.7%
MIT engineers “grow” atomically thin transistors on top of computer chips
Keysight joins TSMC Open Innovation Platform 3DFabric Alliance
Leti Innovation Days to explore microelectronics’ transformational role
Quantum expansion
indie launches 'breakthrough' 120 GHz radar transceiver
Wafer fab equipment - facing uncertain times?
Renesas expands focus on India
Neuralink selects Takano Wafer Particle Measurement System
Micron reveals committee members
Avoiding unscheduled downtime in with Preventive Vacuum Service
NFC chip market size to surpass US$ 7.6 billion
Fujifilm breaks ground on new €30 million European expansion
Fraunhofer IIS/EAS selects Achronix embedded FPGAs
Siemens announces certifications for TSMC’s latest processes
EU Chips Act triggers further €7.4bn investment
ASE recognised for excellence by Texas Instruments
Atomera signs license agreement with STMicroelectronics
Gartner forecasts worldwide semiconductor revenue to decline 11% in 2023
CHIPS for America outlines vision for the National Semiconductor Technology Center
TSMC showcases new technology developments
Alphawave Semi showcases 3nm connectivity solutions
Greene Tweed to open new facility in Korea
Infineon enables next-generation automotive E/E architectures
Global AFM market to reach $861.5 million
Cepton expands proprietary chipset
Semtech adds two industry veterans to board of directors
Specialty gas expansion
×
Search the news archive

To close this popup you can press escape or click the close icon.
Logo
×
Logo
×
Register - Step 1

You may choose to subscribe to the Silicon Semiconductor Magazine, the Silicon Semiconductor Newsletter, or both. You may also request additional information if required, before submitting your application.


Please subscribe me to:

 

You chose the industry type of "Other"

Please enter the industry that you work in:
Please enter the industry that you work in: