Reported about 1 month ago
German semiconductor materials supplier Siltronic reported third-quarter revenues of 357.3 million euros, exceeding analysts' expectations and improving its profit margin outlook for 2024, despite ongoing market challenges. The company noted a decline in EBITDA by 9.8% to 89.4 million euros but assured investors that the downturn is nearing an end, with increased demand for AI chips helping to offset weaknesses in other segments.
Source: YAHOO