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Soitec sales climb on 300mm FDSOI wafer demand

Business news |
By Peter Clarke

The largest contributor to sales growth was increased sales of 300mm FDSOI and RFSOI wafers, the company said.

Sales revenue from 200mm-diameter wafers was up 9 percent year-on-year at €50.9 million, while sales of 300mm wafers were up 86 percent at €39.3 million. Revenues from royalties and intellectual property licensing declined by 13 percent to €1.7 million.

Sales of 300mm wafera rose from 30 percent of total sales in the first quarter of FY18 to 43 percent of total sales in the first quarter of FY19; consequently, the proportion of 200-mm wafer sales went down from 67 to 55 percent of total sales.

Paul Boudre, Soitec’s CEO, commented: “As expected, we had a good start of our fiscal year 2018-2019 with more than 40% revenue growth excluding currency impact, thanks in particular to a strong increase in FDSOI and RFSOI 300-mm wafer sales. We have thus further rebalanced our revenues between 200-mm and 300-mm. In the meantime, the utilization rate of our Bernin II 300mm plant continues to rise.”

Soitec’s FY2019 sales guidance remained unchanged at 35 percent growth excluding currency exchange effects.

On June 21, 2018, raised €150 million by way of a private placement of Oceane bonds to institutional investors that are redeemable at par on June 28, 2023. The nominal value per bond was set at €104.47, corresponding to a premium of 37.5 percent over Soitec reference share price.

Related links and articles: 

www.soitec.com

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