Semiconductor wafer supplier Soitec withdraws full-year, medium term guidance
Reuters
May 27, 2025
Semiconductor wafer supplier Soitec withdraws full-year, medium term guidance
AMSTERDAM, May 27 (Reuters) - French semiconductor materials supplier Soitec SOIT.PA on Tuesday withdrew forecast targets for its new fiscal year and the medium term, following a multi-year slump in automotive and industrial chip demand.
The group will only guide on a quarterly basis, it said in a statement, citing poor visibility and uncertainty across all of its markets.
It expects first-quarter revenue to fall 20% year-on-year at constant exchange rates, against the 121 million euros ($137.1 million) it reported last year.
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