Soitec : Unsurprising Q1 figures
>Sales in line with expectations in Q1, slight dip due to unfavourable economic environment for FD-SOI - Soitec reported yesterday evening its Q1 sales (April-June 2020). The figure came in at € 114m, in line with our expectations (€ 113m) and reflecting an organic decline limited to 5% (despite the COVID-19 crisis).In detail, 150/200mm wafer sales continued to grow over the period (+13% - strong demand for RF-SOI and POI), 300mm wafer sales fell sharply (-23% -...Soitec is a manufacturer of silicon and integrated circuits. Co. offers products based on Silicon-on-Insulator (SOI), which serves to support the manufacturing of more energy-efficient integrated circuits. Co.'s operations can be divided into three divisions: Electronics, Solar Energy and Lighting. The Electronics division manufactures and sells substrates and components intended for the microelectronics industry; the Solar Energy division manufactures and sells photovoltaic modules, designs and constructs turnkey projects, and operates photovoltaic power plants; and the Lighting division isolates resources to develop materials designed for the production of light emitting diodes.
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