NXP Misses Out On 30% Growth year.
The last time I reported that NXP had failed to grow in a 30%+ industry growth year, I was told that the proper comparison should have been between Q3 2009 (a very bad quarter for the industry) and Q3 2010 (a very good quarter).
But now the full story of NXP’s 2010 can be told:
Q4 2009 sales were $1.06 billion
Q1 2010 sales were $1.165 billion;
Q2 2010 sales were $1.2 billion;
Q3 2010 sales were $1.2 billion;
Q4 2010 sales were $1.08 billion.
So why does a company not grow throughout a year in which the rest of the industry grows 30%
NXP’s product portfolio is not quite that unattractive. It’s far more likely that NXP couldn’t make enough product.
Could that have had something to do with NXP:
Selling its fab in Caen, France in June 2009?
Closing its production facility in Fishkill, New York in July 2009?
Closing its Hamburg fab in January 2010?
Starting to transfer process and products from its ICN5 and ICN6 facilities in Nijmegen, Holland which were put on notice of closure?
What price fab-lite?
Answer: Missing out on the best growth year in a decade.