Siltronic AG reports strong Q3 business development
Following a positive H1, Siltronic AG (TecDAX: WAF) continues to report on strong business performance in Q3 2017.
As production of 300 mm and 200 mm wafers has already been fully loaded since Q3 2016 and is also close to being fully loaded for 150 mm and smaller diameter wafers, volume increases in terms of wafer area were barely possible in Q3.
"Q3 2017 proved to be strong, as we expected. Wafer demand remains at an undiminished high level. We further increased our operational excellence and marginally raised our production volumes. We achieved additional price increases for 200 mm and 300 mm wafers in Q3. Average US dollar selling prices for 300 mm wafers in Q4 2017 will be up by around 30 percent compared to Q4 2016. Based on these developments, we have decided to Page 2 of 13 2 increase our capacity in 300 mm wafers by around 70,000 wafers per month by mid-2019," notes Dr. Christoph von Plotho, CEO of Siltronic AG.
For the full version of this news release (incl. financial data), please download the PDF version.
This press release contains forward-looking statements based on assumptions and estimates of Siltronic’s Executive Board. Although we assume the expectations in these forward-looking statements are realistic, we cannot guarantee they will prove to be correct. The assumptions may harbor risks and uncertainties that may cause the actual figures to differ considerably from the forward-looking statements. Factors that may cause such discrepancies include, among other things, changes in the economic and business environment, variations in exchange and interest rates, the introduction of competing products, lack of acceptance for new products or services, and changes in corporate strategy. Siltronic does not plan to update the forward looking statements, nor does it assume the obligation to do so.
The contents of this press information refer equally to men and women. To aid readability, the male pronoun has been used (e.g. he/his).