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Electronics Production | January 29, 2007

Filtronic to cut capital equipment budget

Lower demand forces UK-based Filtronic plc to reduce their capital expenditure budget in its Compound Semiconductors division.
This is an attempt to align demand with demand, and the amount spent will be £3 million less than the £10 million previously announced. According to an EE-Times report Filtronic said the division has had a year of growth, reducing losses before non-recurring items, although it now expects demand to be lower than previously anticipated.

Click here to read Filtronic's latest interim report.

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