Despite the Semiconductor Industry Association (SIA) reporting a sharp decline in total unit sales during February and March for this year, total average unit sales have seen a year-on-year increase. This has resulted in many of the larger semiconductor manufacturing companies reporting an increase in revenue over the same period last year.
Figure 1: Three-month moving average (3MMA) showing total unit sales for each product category.
Texas Instruments reported first quarter revenue of $4,91 billion with net income of $2,20 billion. This amounts to a 14% increase over the same quarter last year, “primarily due to growth in the industrial and automotive sectors,” according to the chairman, president and CEO of TI, Rich Templeton. He further went on to report: “Our cash flow from operations of $9,1 billion for the trailing 12 months again underscored the strength of our business model. Free cash flow for the same period was $6,5 billion and 34% of revenue. Over the past 12 months we invested $3,2 billion in R&D; and SG&A, $2,6 billion in capital expenditures, and returned $5,0 billion to owners.”
NXP Semiconductors also delivered record quarterly revenue of $3,14 billion, an increase of 22% year-on-year. Kurt Sievers, NXP president and CEO, announced: “The strong growth we have anticipated for 2022 is materialising. We continue to see robust customer demand, especially our company-specific accelerated growth drivers. Overall, demand continues to outstrip increased supply, and inventory across all end-markets remains very lean.”
STMicroelectronics announced revenue for the 2021 financial year of $12,76 billion, driven primarily by its MEMS sensors and optical sensing, and general-purpose and secure MCU divisions. This amounts to a 10% compound annual growth rate (CAGR) for the last three years and resulted in a net income of $713 million.
ams Osram reported healthy financial performance, with first-quarter revenues and operating profitability above expectations. Revenues of 1,25 billion Euros for the first quarter were announced. The company also announced that the supervisory board plans to elect Dr Margarete Haase as chairwoman of the supervisory board, to succeed retiring chairman Hans Joerg Kaltenbrunner.
Continued strong demand for semiconductors, despite global uncertainties, allowed Infineon Technologies to amass revenues of 3,3 billion Euros for the second quarter of the 2022 financial year. This represented a 22% year-on-year increase and a 4% increase over the preceding quarter. The outlook for the third quarter predicts revenue of around 3,4 billion Euros.
onsemi announced record revenue of $1,95 billion, an increase of 31% year-on-year. “Our focused strategy has delivered sustainable results in onsemi’s margin and growth profile, with the automotive and industrial end-markets now representing 65% of our revenue. Our record quarterly results, with year-over-year growth of 31% in our first quarter revenue, highlight the strength of our business and the value of our products as we continue our transformation,” said Hassane El-Khoury, president and CEO of onsemi.
Analog Devices “delivered its fifth consecutive quarter of record revenue, illustrating the unprecedented demand for our technologies and our ability to increase output in a challenging supply backdrop,” said Vincent Roche, CEO and chairperson. “Despite increasing geopolitical uncertainty and ongoing supply chain disruptions, we enter the second half from a position of strength, with increased capacity and continued bookings momentum.” The company announced revenue of $2,97 billion, with double-digit year-on-year growth across all end-markets. This represented a 79% increase in revenue.
According to the SIA, the strong upward market trend is due to the growing demand for semiconductors because of increased digitalisation of the economy, growing demand for ‘smart’ products, and increased remote work, schooling and shopping.
For more information and to access the SIA’s semiconductor unit sales dashboard, go to
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