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X-FAB expects sales to increase 40% in 2H09
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X-FAB Silicon Foundries believes the worst of the current slump in demand is over and now expects revenues to increase by approximately 40% in the second half of 2009. The specialist foundry also reported sales for the first half of the year at US$84.4 million, a 62.7% year-on-year decline.
Sales in the second quarter amounted to US$43.4 million, a decline of 59.5% compared to the same period last year but an increase of 5.7% over the first quarter results.
"The worst is behind us. The upward trend has stabilized, so we now anticipate second-half sales growth of approximately 40 percent compared to the first half of 2009," noted Hans-Jürgen Straub, CEO of X-FAB.