Wednesday, January 25, 2017

Soitec Q3 revenue lifted by growing smartphone market

Jan 25 (Reuters) - French semiconductor material maker

Soitec posted a 5 percent increase in its

third-quarter sales as the company benefited from rising demand

for faster and more power-efficient mobile devices.

Soitec refined its sales guidance for its fiscal year ending

in March 2017 and now expects revenue growth of 4 percent,

compared with the "low single digits" it had signaled earlier.

Quarterly sales of its silicon-on-insulator (SOI) products

came in at 63.1 million euros ($67.8

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