© Aixtron (illustration purposs only) Business | July 26, 2018
Aixtron increases guidance for order intake
Order intake including spare parts and service improved in H1/2018 to EUR 154.3m, an increase of 20% compared to the previous year.
Dr. Bernd Schulte, Executive Board Member of AIXTRON SE, comments: "The positive development in order intake continued in the second quarter of this year, so we have decided to raise our order intake guidance for fiscal year 2018. The slightly lower revenues in Q2/2018 are solely attributable to the scheduled shipments agreed with customers. Revenues in the second half of the year will be correspondingly higher than in the first half, so that we will achieve our revenue guidance as planned". This positive development is driven primarily by continued demand for MOCVD systems for the production of red, orange and yellow (ROY) LEDs and especially for MOCVD systems for laser applications such as vertical cavity surface emitting lasers (VCSEL) or edge emitting lasers (EEL) for applications in 3D sensor technology or optical data transmission, writes the equipment manufacturer in a fiscal update. Equipment order backlog increased to EUR 138.3m as of June 30, 2018, an increase of 48% year-on-year and 20% compared to March 31, 2018. Revenues rose by 3% year-on-year to EUR 117.6m in H1/2018. Sequentially, they fell to EUR 55.2m in Q2/2018 due to the scheduled shipments agreed with customers. Gross profit and gross margin in H1/2018 improved to EUR 50.6m and 43% respectively compared to the previous year. Compared to the previous quarter, gross profit decreased to EUR 23.8m in Q2/2018 which is in line with revenue development, while the gross margin remained stable at 43%. This was mainly due to a favorable product and regional mix with a benefit from a positive USD/EUR exchange rate in the second quarter. Operating result (EBIT) in H1/2018 improved to EUR 12.0m year-on-year. Compared to the previous quarter, EBIT in Q2/2018 fell to EUR 4.1m. Net profit in H1/2018 rose to EUR 16.0m compared to the previous year and was positively influenced by the capitalization of deferred taxes in the amount of EUR 5m in the first quarter of 2018, resulting from the transition from losses in the past to expected profits in 2018. "We continue to benefit from the stable global demand for MOCVD systems for laser applications such as VCSEL or EEL, which are particularly in demand in the field of 3D sensors or optical data transmission. Our MOCVD systems for the production of red, orange and yellow (ROY) LEDs are also in high demand, as they are indispensable for the market penetration of display technologies based on fine pitch, mini and in the future also micro LEDs," adds Dr. Felix Grawert, Executive Board member of Aixtron. Guidance Based on the results for the first six months of the fiscal year 2018 and the internal assessment of the development of demand, Axtron Management updates its 2018 full year guidance given in February 2018. Accordingly, Aixtron Management now expects to book total orders between EUR 260 and 290 million (up from EUR 230 to 260 million previously) during 2018. Revenues are expected to be around EUR 260 million (Previous range: EUR 230 to 260 million). Gross margin is expected to be around 40% of revenues (previous range: 35% to 40%) and EBIT margin to be around 10% of revenues (previous range: 5% to 10%). The operating cash flow for the year is expected to be positive
Infineon and Fingerprint team up to drive mass deployment of biometric cards With biometric payment cards an integrated fingerprint sensor make contactless payments more convenient, more secure and hygienic; something that the current global situation has highlighted a need for.
Silicon Mitus starts mass-producing automotive OLED PMIC Power management IC (PMIC) specialist Silicon Mitus, has completed the development of an automotive OLED PMIC and says it will start supplying the new products in the global automotive market.
Farnell signs new distribution agreement with KOA Farnell says it has strengthen the depth and breadth of its passive component range with the addition of KOA Europe GmbH.
II-VI with domestic and foreign acquisitions Compound semiconductor specialist, II-VI Incorporated, has entered into a definitive agreement to acquire all outstanding shares in Swedish SiC epitaxial wafers specialist, Ascatron AB. At the same time, II-VI says it will acquire all the outstanding interests of the owners of the parent of INNOViON Corporation.
Microsoft invests in AI Chip company Syntiant, a deep learning tech company providing AI voice and sensor solutions, has completed a USD 35 million Series C funding round.
Meyer Burger sells its microwave and plasma maker Muegge Meyer Burger Technology is selling its microwave and plasma technology company Muegge GmbH, to investment company HQ Equita.
ON Semi looking to sell Japanese facility ON Semiconductor is exploring a sale of its manufacturing facility in Niigata, Japan. The intended sale of the facility is part of the company’s plan to optimise its manufacturing footprint and sharpen its focus on highly differentiated power, analog and sensor products.
New VP of business development at Smith The distributor of electronic components and semiconductors has appointed Renato Souza to the position of Vice President of Business Development. Renato previously served as Vice President, Latin America of Smith since 2017.
Bosch launches 5G tests at Reutlingen wafer fab The German company believes 5G will be a key building block of digitalization and connectivity in manufacturing and logistics. And for that reason, Bosch is now starting compatibility tests and channel measurements for setting up a 5G network in its wafer fab in Reutlingen.
ACM Research receives orders from two new analog/power IC customers The supplier of wafer cleaning technologies for advanced semiconductor devices, has received purchase orders and final stage bidding activities for a total of USD 36 million from two new China-based customers that manufacture analog and power IC devices.
ClassOne's Solstice plating system selected for advanced MicroLEDs Semiconductor equipment manufacturer ClassOne Technology announces the sale of its Solstice GoldPro electroplating system to an unnamed developer of microLED technology for advanced applications.
Jenoptik: order intake down on prior year; order backlog slightly up From January through early March business performance was in line with expectations, but clear impacts of the corona pandemic and increasing uncertainty within the automotive industry became apparent from late March on.
Smiths Detection completes acquisition of PathSensors Smiths Detection has completed the acquisition of PathSensors, a bio-technology solutions and environmental-testing company, based in Baltimore, MD, USA.
Saab divests Dutch-based QPS Saab has divested the Dutch-based company QPS (Quality Positioning Services), a provider of hydrographic software solutions within the global maritime industry. The decision is in line with Saab’s strategy to optimise its product portfolio and increase focus on five core areas.
Eyeing SiC and GaN potential – GlobalWafers team up with NCTU Advancements in 5G and electric vehicle technologies are bringing the mounting demands of power semiconductor. GlobalWafers is teaming up with the National Chiao Tung University (NCTU) to develop the third generation semiconductor material.
Phison expands with new R&D centre Taiwanese NAND Flash controller IC and storage solutions provider, Phison Electronics, broke ground on a new R&D center and inventory management in Guangyuan Science Park in Zhunan township, back in late march.
Infineon swings to loss as the pandemic continues impact target markets “Infineon has so far coped well with the challenging situation caused by the coronavirus pandemic. As a company, we reacted quickly to the new situation and established a framework that has enabled us to stabilize our business,” says CEO Dr. Reinhard Ploss.
Murata completes new production building The Japanese manufacturer’s subsidiary, Izumo Murata Manufacturing, has completed the construction of a new production facility which started back in August 2019.
Analog Devices team up with Intel to address 5G network design challenges The companies are collaborating to create a flexible radio platform that addresses 5G network design challenges and will enable customers to scale their 5G networks more quickly and economically.
Atlas Copco has acquired the technology and operating assets of iTrap The Swedish company has acquired a technology for process diagnostics and control in the semiconductor industry.Load more news