German chip tools provider Siltronic mentioned demand for its wafers was nonetheless robust even because it warned a slowdown in end-markets may weigh on 2023 outcomes.
The worldwide expertise business has been battling a pointy and sudden downturn in demand since late 2022, as firms reduce spending on tech services and products whereas customers spend much less on discretionary items amid surging inflation.
The Munich-based provider of silicon wafers for the semiconductor business mentioned demand for its merchandise had remained excessive up to now this yr, however a few of its prospects anticipated weaker orders within the first half of 2023.
Silicon wafers are very important elements for semiconductors and function the premise for digital chips utilized in merchandise starting from smartphones and computer systems to electrical autos and wind generators.
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German chipmaker Infineon, one in every of Siltronic’s largest prospects, mentioned it noticed considerably weaker demand in areas similar to smartphones, PCs and information centres within the first quarter.
Siltronic, whose prospects additionally embody Intel, TSMC and Samsung, reported a 28 p.c soar in annual gross sales to a record-high of 1.8 billion euros ($2.0 billion), pushed by value hikes and a powerful US greenback.
The group, which didn’t present detailed monetary targets for 2023, additionally mentioned it anticipated the excessive inflation to maintain pushing up unit prices this yr.
Its shares added 3 p.c within the early Frankfurt commerce after the earnings launch.
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