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Germany's Siltronic has opened a $2.2 billion wafer factory in Singapore as demand for chips used in mobile devices, electric vehicles and data centers increases.
EQS-News: Siltronic AG / Key word: Quarter Results/Quarterly / Interim Statement As expected, Siltronic's Q1 2024 earnings continue to be impacted by weak demand due to elevated...
German chip equipment supplier Siltronic reported a 27.5% drop in first-quarter core profit on Thursday, a week after it slashed annual targets due to customers' still high inventories. ...
Siltronic: "The start of the year continues to be characterized by weak demand due to increased inventories at our customers. It is still not possible to predict when inventories will return to a normal level," CEO Michael Heckmeier said in a statement.
Siltronic plans to gradually cease production of polished and epitaxial small diameter wafers at its Burghausen site. The process, which excludes unpolished wafers, is set to be completed in 2025.