Revenue Insights: Micron Technology, Inc. and NXP Semiconductors N.V. Performance Compared

Semiconductor Revenue Trends: Micron vs. NXP

__timestamp	Micron Technology, Inc.	NXP Semiconductors N.V.
Wednesday, January 1, 2014	16358000000	5647000000
Thursday, January 1, 2015	16192000000	6101000000
Friday, January 1, 2016	12399000000	9498000000
Sunday, January 1, 2017	20322000000	9256000000
Monday, January 1, 2018	30391000000	9407000000
Tuesday, January 1, 2019	23406000000	8877000000
Wednesday, January 1, 2020	21435000000	8612000000
Friday, January 1, 2021	27705000000	11063000000
Saturday, January 1, 2022	30758000000	13205000000
Sunday, January 1, 2023	15540000000	13276000000
Monday, January 1, 2024	25111000000

In pursuit of knowledge

Revenue Trends in the Semiconductor Industry

The semiconductor industry has witnessed significant shifts over the past decade, with companies like Micron Technology, Inc. and NXP Semiconductors N.V. at the forefront. From 2014 to 2023, Micron Technology's revenue surged by approximately 88%, peaking in 2022. This growth reflects the increasing demand for memory and storage solutions in a data-driven world. In contrast, NXP Semiconductors, a leader in automotive and IoT solutions, saw its revenue grow by about 135% over the same period, highlighting its strategic positioning in emerging tech markets.

Key Insights

Micron Technology: Experienced a revenue dip in 2023, dropping by nearly 50% from its 2022 peak, possibly due to market saturation or economic factors.
NXP Semiconductors: Consistently increased its revenue, with a notable 20% rise from 2021 to 2023, underscoring its resilience and adaptability.

These trends underscore the dynamic nature of the semiconductor industry, driven by innovation and global demand.

Published by

U.S. Securities and Exchange Commission

Source link

sec.gov

Date published

28 Jan 2025