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Segment Information (Tables)
12 Months Ended
Dec. 31, 2022
Segment Reporting [Abstract]  
Net Revenues by Product Segment and by Product Line

The following tables present the Company’s consolidated net revenues and consolidated operating income by reportable segment.

Net revenues by reportable segment:

 

 

 

December

31, 2022

 

 

December

31, 2021

 

 

December

31, 2020

 

ADG

 

 

5,969

 

 

 

4,350

 

 

 

3,284

 

AMS(1)

 

 

4,911

 

 

 

4,587

 

 

 

3,858

 

MDG(1)

 

 

5,228

 

 

 

3,802

 

 

 

3,064

 

Total net revenues of product segments

 

 

16,108

 

 

 

12,739

 

 

 

10,206

 

Others

 

 

20

 

 

 

22

 

 

 

13

 

Total consolidated net revenues

 

 

16,128

 

 

 

12,761

 

 

 

10,219

 

 

(1)

Effective July 1, 2022, the Low Power RF business unit was transferred from AMS to MDG with no significant impact on segment reporting. Prior year periods have been adjusted accordingly.

Operating Income by Reportable Segment

Operating income by reportable segment:

 

 

 

December

31, 2022

 

 

December

31, 2021

 

 

December

31, 2020

 

ADG

 

 

1,469

 

 

 

512

 

 

 

182

 

AMS(1)

 

 

1,237

 

 

 

1,022

 

 

 

816

 

MDG(1)

 

 

1,830

 

 

 

908

 

 

 

498

 

Total operating income of product segments

 

 

4,536

 

 

 

2,442

 

 

 

1,496

 

Others(2)

 

 

(97

)

 

 

(23

)

 

 

(173

)

Total consolidated operating income

 

 

4,439

 

 

 

2,419

 

 

 

1,323

 

 

(1)

Effective July 1, 2022, the Low Power RF business unit was transferred from AMS to MDG with no significant impact on segment reporting. Prior year periods have been adjusted accordingly.

(2)

Operating income (loss) of “Others” includes items such as unused capacity charges, including reduced manufacturing activity due to COVID-19 and incidents leading to power outage, impairment, restructuring charges and other related closure costs, management reorganization costs, phase-out and start-up costs of certain manufacturing facilities, and other unallocated income (expenses) such as: strategic or special R&D programs, certain corporate-level operating expenses, patent claims and litigations, and other costs that are not allocated to product groups, as well as operating earnings of other products.

 

 

Reconciliation of Operating Income of Reportable Segments to Total Consolidated Operating Income

The reconciliation of operating income of reportable segments to the total consolidated operating income is presented in the below table:

 

 

 

December

31, 2022

 

 

December

31, 2021

 

 

December

31, 2020

 

Total operating income of reportable segments

 

 

4,536

 

 

 

2,442

 

 

 

1,496

 

Impairment, restructuring charges and

   other related closure costs

 

 

 

 

 

(2

)

 

 

(11

)

Start-up and phase-out costs

 

 

(13

)

 

 

 

 

 

 

Unused capacity charges

 

 

(22

)

 

 

(16

)

 

 

(153

)

Other unallocated manufacturing results

 

 

(57

)

 

 

1

 

 

 

(8

)

Gain on sale of non-current assets

 

 

2

 

 

 

3

 

 

 

11

 

Strategic and other research and development

   programs and other non-allocated provisions(1)

 

 

(7

)

 

 

(9

)

 

 

(12

)

Total operating loss Others

 

 

(97

)

 

 

(23

)

 

 

(173

)

Total consolidated operating income

 

 

4,439

 

 

 

2,419

 

 

 

1,323

 

 

(1)

Includes unallocated income and expenses such as certain corporate-level operating expenses and other income (costs) that are not allocated to the product segments.

Net Revenues

Net revenues

 

 

 

December

31, 2022

 

 

December

31, 2021

 

 

December

31, 2020

 

Switzerland

 

 

4,569

 

 

 

3,282

 

 

 

2,795

 

France

 

 

153

 

 

 

126

 

 

 

89

 

Italy

 

 

47

 

 

 

56

 

 

 

52

 

USA

 

 

1,981

 

 

 

1,253

 

 

 

976

 

Singapore

 

 

8,604

 

 

 

7,442

 

 

 

5,817

 

Japan

 

 

758

 

 

 

586

 

 

 

479

 

Other countries

 

 

16

 

 

 

16

 

 

 

11

 

Total net revenues

 

 

16,128

 

 

 

12,761

 

 

 

10,219

 

 

Property, Plant & Equipment

Property, plant and equipment, net

 

 

 

December 31,

2022

 

 

December 31,

2021

 

Netherlands

 

 

2,753

 

 

 

1,476

 

France

 

 

1,774

 

 

 

1,154

 

Italy

 

 

1,683

 

 

 

1,469

 

Other European countries

 

 

161

 

 

 

136

 

USA

 

 

52

 

 

 

36

 

Singapore

 

 

880

 

 

 

671

 

Malaysia

 

 

365

 

 

 

221

 

Other countries

 

 

533

 

 

 

497

 

Total property, plant and equipment, net

 

 

8,201

 

 

 

5,660