Melexis CEO says China now beats Europe in new design wins
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Melexis CEO Marc Biron said on Wednesday that the company now gets more design wins in China than in Europe.
- ✓"Four years ago we had more design wins in Europe than in China," Biron said.
- ✓This shift shows how important the Chinese market became for the firm despite global tensions.
Story at a Glance
- Category
- BUSINESS
- Reported By
- Reuters
- Reading Speed
- 1 Minute(s)
- Market Focus
- India Economy
October 28 (Reuters) - Belgian chipmaker Melexis (MLXS.BR), opens new tab now records more design wins in China than in Europe, CEO Marc Biron said on Wednesday, underscoring the growing importance of the Chinese market for the company despite broader concerns about geopolitical tensions and supply chains.
"Four years ago we had more design wins in Europe than in China, but since two years we have had more design wins in China than in Europe," Biron said after Melexis reported record quarterly sales in China.
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Reporting by Fabrizio La Rocca and Nathan Vifflin; Editing by Matt Scuffham
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