Siltronic AG : Warning highlights lack of recovery in H2
>2024 set to be impacted by ongoing inventory correction as well as a slower recovery than expected - Siltronic issued a warning during trading on Friday with a downgrade to its 2024 guidance due to overstocking at its clients, as well as deferred deliveries in H2 2024. The group indicated the recovery was proving slower than expected and that the inventory correction was set to continue until end-2024. While the coming onstream of the new plant in Singapore is going ...Siltronic AG is a Germany-based producer of hyperpure silicon wafers. The Company offers polished wafers, epitaxial wafers and annealed wafers, among others. Its products are used for semiconductor components, including high-voltage applications, low resistivity devices in automotive engineering and telecommunications, as well as integrated microprocessors and memory modules for information processing in cell phones, laptops and other consumer goods. The Company also produces high reflectivity (HiREF) wafers, as well as PowerFZ wafers for power applications and Ultimate Silicon for complementary metal-oxide semiconductor (CMOS) applications. It operates production facilities in Europe, Asia and the United States.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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