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X-FAB Announces Double-Digit Sales Growth in 2013
Strategic alignment of business portfolio and management structure lay foundation for future growth
In addition to its financial reporting, X-FAB announced that Rudi De Winter will become sole chief executive officer of X-FAB Group as of June 2014, a move he and Hans-Juergen Straub planned and prepared together for the past three years while they served as co-CEOs. Hans-Juergen Straub, who has served as CEO since X-FAB's inception 22 years ago, will continue to serve on the Board of Directors of X-FAB Silicon Foundries SE.
In recent years, X-FAB successfully aligned its offerings and expertise to match market and customer demand. X-FAB now is engaged in three major business areas:
- More than Moore. X-FAB remains one of the leading "More than Moore" Foundries offering its customers a broad spectrum of analog/mixed-signal technologies combined with outstanding support. Major target markets are the automotive and industrial segments.
- MEMS. X-FAB has become a major MEMS foundry with sales in that field increasing significantly. In 2013, MEMS revenue grew by approximately 50 percent year-over-year. Customers benefit from X-FAB's more than 20 years of experience and have access to the expertise of two dedicated MEMS fabs located in Erfurt and Itzehoe, Germany; these fabs offer a wide range of MEMS technologies ready for high-volume manufacturing. MEMS customers also benefit from having direct access to the CMOS fabs of X-FAB for integrating MEMS and CMOS on a single chip. X-FAB expects further growth in MEMS business and currently is expanding its MEMS manufacturing capacities.
- Outsourcing partner. X-FAB is a well-established partner for outsourcing scenarios. In recent years, X-FAB observed an increasing number of inquiries by customers seeking to establish a second source to free in-house capacity or find an alternative source due to a fab closure. To date, X-FAB has completed more than 60 process transfers including special technologies, such as a project to manufacture lithium batteries on silicon wafers.
Two changes in organizational structure enable X-FAB to support the strategic alignment and position itself for further growth. X-FAB introduced a MEMS Business Unit as well as a dedicated outsourcing team.
"I feel strongly now is the best time for a change," said Hans-Juergen Straub, Co-CEO of X-FAB Group. "X-FAB is in fine shape and the strategic alignment is completed. I will be delighted to see the company grow and am convinced that X-FAB will continue to play a vital role in making the European semiconductor industry a hot spot for sophisticated 'More than Moore' technologies."
Rudi De Winter, Co-CEO of X-FAB Group, added: "I would like to thank Hans-Juergen Straub for his contribution to X-FAB, in particular for growing the company to become a well-respected worldwide player in the semiconductor industry. I am enthusiastic about continuing to work together with X-FAB's customers and the X-FAB team on our wide portfolio of "More than Moore" technologies, and to further grow a successful foundry business."
BiCMOS Bi-polar complementary metal oxide semiconductor
CEO Chief Executive Officer
CMOS Complementary metal oxide semiconductor
MEMS Microelectromechanical systems
NRE Non-recurring engineering
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