Soitec Aims to Triple Revenues by 2026, Joins EU Chip Alliance

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www.eetimes.eu, Jul. 27, 2021 – 

Soitec has unveiled its strategic vision and targets to triple its revenues over the next five years.

The French silicon-on-insulator wafers maker has reported revenues of €180.4 million, up 69% at constant exchange rates, in the first quarter of fiscal year 2022 compared to the first quarter of fiscal year 2021. Revenues are up 1% on a sequential basis at constant exchange rates.

"This first quarter marks a solid start of our fiscal year 2022," commented Jean-Paul Boudre, CEO of Soitec. "We recorded a sequential growth for the fourth consecutive quarter, a strong performance that was boosted by our 300mm radiofrequency wafers, a confirmation of the automotive sector recovery and the ongoing ramp-up of our POI [Piezoelectric-on-Insulator] wafers dedicated to RF filters." During the first quarter, Soitec also "confirmed the rebound" initiated in the previous fiscal year of its FD-SOI [Fully Depleted Silicon-On-Insulator] products.

For fiscal year 2022, Soitec said it expects to post revenue growth of approximately 40% at constant exchange rates, to about €800 million.

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