Siltronic In a strategic update on Thursday, the company said it expects sales and profitability to grow over the next five years as a result of artificial intelligence, digitalization andElectric VehiclesThe company is a German semiconductor material manufacturer that focuses on the production of silicon wafers and silicon wafer derivative products.
Siltronic plans to invest approximately 3 billion euros worldwide between 2021 and 2025. These investments will be used to expand production capacity to meet the growing demand for silicon wafers and silicon wafer derivatives. The company expects that global demand for silicon wafers will continue to grow in the coming years, especially in areas such as electric vehicles, artificial intelligence and 5G.
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The rapid growth of the electric vehicle market will drive the demand for silicon wafers. Silicon wafers are an important component of electric vehicle batteries, which are used to store and transfer energy. In addition, the rapid development of artificial intelligence technology will also have a positive impact on the silicon wafer market. Artificial intelligence requires a lot of computing power, and silicon wafers are one of the key components to achieve computing functions.
To meet the growing demand, Siltronic plans to increase its production capacity. The company will achieve this through upgrading and expanding existing factories, as well as building new factories. This move will enable Siltronic to better meet the needs of areas such as electric vehicles, artificial intelligence and 5G.
Christoph von Plotho, CEO of Siltronic, said the company will continue to focus on technological innovation and product development to meet changing market demands. He also said the company will strengthen cooperation with customers to ensure on-time delivery of products and meet customers' specific requirements.
Siltronic is confident of sales growth in the next five years and believes that the rapid development of fields such as artificial intelligence, digitalization and electric vehicles will bring huge opportunities to the company. By increasing production capacity and continuing to innovate, Siltronic will be able to meet the growing market demand and achieve impressive performance.