NXP's revenue in the third quarter of 2022 reached US$3.45 billion

NXP Semiconductors announced its third-quarter 2022 financial report, with revenue reaching US$3.45 billion, a year-on-year increase of 20.4%. The company's CEO said that supply conditions have gradually improved thanks to the resilience of demand in the automotive and industrial markets. NXP has been recognized by many automobile manufacturers, including a multi-year supply agreement with a major automobile manufacturer to use its S32 series of automotive processors and microcontrollers. In addition, NXP has launched new RF front-end receiving modules and pre-driver amplifiers that support 5G MIMO, and the second-generation RFCMOS radar transceiver series has been put into production.