Nexperia's revenue in 2023 is expected to be US$2.15 billion

Nexperia achieved revenue of $2.15 billion in 2023, down slightly from $2.36 billion in 2022. Despite weak market demand, the company's automotive business revenue grew significantly. Nexperia Chief Financial Officer Stefan Tilger said the company had invested 13% of its revenue in 2023 to upgrade and expand its product line.