French ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/semiconductor-materials” target=”_blank”>semiconductor materials supplier ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/soitec” target=”_blank”>Soitec on Tuesday withdrew forecast targets for its new fiscal year and the medium term, following a multi-year slump in automotive and ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/industrial-chip-demand” target=”_blank”>industrial chip demand.
“Given the current reduced visibility and market uncertainties, the group withdraws any guidance, whether related to all or part of its activities”, it said in a statement, adding it will only guide on a quarterly basis.
It expects first-quarter revenue to fall 20% year-on-year at constant exchange rates, against the €121 million ($137.1 million) it…
