Return to Year-Over-Year Growth
Achieved a 5% growth over the fourth quarter of 2023, marking a return to year-over-year growth following a multiyear market slowdown.
Strong Position in Automotive and Industrial Markets
Maintained automotive and industrial mix percentage at 42% of total product revenue, reflecting progress in new product and content expansion initiatives.
Revenue Above Guidance Midpoint
Fourth quarter revenue was above the midpoint of guidance, driven by strong performance in Asia, especially in the second half of 2024.
Introduction of New Products
Introduced 755 new part numbers in 2024, with 330 specifically for the automotive market, increasing addressable content per car by over 30%.
Strong AI Market Growth
Addressable content in AI servers increased significantly, from $53 to $90 per box, driven by expanded product portfolio and market demand.