Soitec reports total consolidated sales of 137.3 million Euros for H1 2010-2011
News Release from:
16 November 2010
Soitec (Euronext Paris), the world's leading supplier of silicon-on-insulator (SOI) and advanced solutions for the electronics and energy industries, today reported second quarter consolidated sales of 68.7 million Euros giving consolidated sales of 137.3 million Euros for the first six months of the year equal to growth of 45.7% versus the same period last year.
Q2 small diameters wafer sales increased sequentially by 26.2% (28.0% at constant exchange) supported by significant demand from automotive, mobile phone and lighting (CFL lamps) markets. 300 mm wafers sales were down sequentially by 10.5% (9.3% at constant exchange) as the PC market suffered a “seasonal” drop against continued strength from gaming and server sales. Total wafer sales for the quarter of 61.0 million Euros ended with a slight sequential reduction of 4.0% (2.6% at constant exchange).
Second quarter revenues from other activities were 0.8 million Euros from licensing, 2.1 million Euros for Tracit and 2.3 million Euros from Picogiga. Concentrix recorded 2.4 million Euros related to partial shipments on the Chevron contract.
In the first half of the financial year, total wafer sales were up sequentially by 17.8% or 5.9% at constant exchange and on a year on year basis by 41.8% and 30.4% at constant exchange. 300 mm, wafers, which represented 79% of total wafer sales, grew sequentially by 16.9% or 5.1% at constant exchange and on a year on year basis by 32.0% or 21.4% at constant exchange. All other wafer sales were up sequentially by 21.2% or 9.0% at constant exchange and on a year on year basis they almost doubled equal to 82.3% at constant exchange demonstrating the benefits of the successful strategy towards new markets like the RF applications for mobile phones and SOI based lighting products (CFL lamps).
Licensing revenues were 1.5 million for the half year. Tracit recorded sequential growth of 58% with sales of 4.1 million Euros. Picogiga recorded sequential growth of 3% and year-on-year growth of 37% with sales of 4.6 million Euros for the first half of the year.
Franco-Tunisian cooperation in energy: Installation of a demonstration unit combining Soitec’s Concentrix™ concentrating photovoltaic technology with the electricity storage systems developed by the CEA