Siltronic H1 revenue falls 14% on weak demand

July 25, 2024 1:20 AM EDT

(Reuters) - German semiconductor materials supplier Siltronic reported a 14% drop in its half-year sales on Thursday, due to weak demand in the wafer market.

The company, which makes silicon wafers used in semiconductor chips, posted revenue of 694.8 million euros ($753 million) for the first half of the year, compared with 808.2 million euros a year earlier.

($1 = 0.9226 euros)

(Reporting by Ozan Ergenay; Editing by Himani Sarkar)



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