Nabeel Gareeb, MEMC's chief executive officer said in prepared statement that "The pricing environment continues to be healthy due to high wafer manufacturing utilization rates and the constrained polysilicon supply chain. Many semiconductor customers have reported continued sequential unit growth views that would require more square inches of silicon wafers. Some other semiconductor customers have reported a more cautious unit growth outlook for the remainder of 2006, but have also indicated that they may still purchase available 200mm and smaller diameter wafers to either support strong demand on those diameters or replenish very low levels of inventory. In addition, the solar market continues to exhibit extraordinary strength. All three situations are anticipated to increase the pressure on the already constrained polysilicon supply chain."

MEMC announced record second quarter 2006 net sales of $370.5 million, which was due higher wafer prices and a richer product mix, according to the company.