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X-FAB foundry sales fall 10% in ‘08
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Holding up remarkably well despite the semiconductor and global
economic downturn, X-FAB Silicon Foundries Group posted 2008 sales of
US$368.1 million, only a 10% decrease from 2007 results. Although the
company did not provide financial figures on a quarterly basis, the
foundry noted that orders and revenue declined in the second half of
the year compared to the first half.
"The outlook for 2009 is still clouded by a high degree of uncertainty. Market analysts forecast a double-digit decrease in sales revenue for the current year. However, with an equity ratio amounting to more than 65 percent, X-FAB offers the necessary financial stability to be a reliable partner for our customers in difficult times, and also to pursue opportunities this crisis offers,” commented Hans-Jürgen Straub, CEO of the X-FAB Silicon Foundries Group.