Siltronic

Siltronic said in a strategic update on Thursday that it expects sales and profitability to grow significantly over the next five years due to mega trends such as artificial intelligence, digitalization and electric vehicles. The company is a German semiconductor material manufacturer focused on the production of silicon wafers and silicon wafer derivatives. Siltronic plans to invest around 3 billion euros worldwide between 2021 and 2025. The investments will be used to expand production capacity to meet the growing demand for silicon wafers and silicon wafer derivatives. The company expects global demand for silicon wafers to continue to grow in the coming years,…