AMSTERDAM (Reuters) -French semiconductor materials supplier Soitec on Tuesday withdrew forecast targets for its new fiscal year and the medium term, following a multi-year slump in automotive and 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 euros ($137.1 million) it reported last year.
Soitec in February said it saw limited growth for 2026 and cut its 2025 guidance as semiconductor wafer customers in the automotive and consumer electronics industries hit the brakes on deliveries amid worsening market conditions.
($1 = 0.8828 euros)
(Reporting by Nathan Vifflin in Amsterdam; Editing by Jan Harvey)
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