X-FAB Silicon Foundries SE operates as a pure-play specialty semiconductor foundry, providing manufacturing services and design support to fabless semiconductor companies and integrated device manufacturers. The company specializes in analog and mixed-signal integrated circuit (IC) production, micro-electro-mechanical systems (MEMS), and wide-bandgap technologies such as silicon carbide (SiC) and gallium nitride (GaN). X-FAB's business model relies on long-term customer agreements and proprietary, modular process technologies spanning CMOS, SOI, and MEMS across geometries ranging from 1.0 µm to 110 nm. The company's revenue is heavily concentrated in its core markets of automotive, industrial, and medical applications, which collectively accounted for approximately 93% of its total revenue in 2024. The automotive sector is the largest single contributor, representing over 60% of total sales, driven by the increasing electrification of vehicles and demand for SiC components. Geographically, X-FAB maintains a global footprint with six wafer fabrication facilities located in Germany, France, Malaysia, and the United States. The company's strategic focus on long-lifecycle markets provides demand visibility and creates customer switching costs through deep integration with clients' design cycles.
