Shin-Etsu Chemical expects higher profits

Shin-Etsu Chemical, parent of wafer maker SEH, expects profits to increase 9% for the six months through September, compared the same period last year.

The company projects its sales will slip only about 3%. Net margin is projected to be about 9%, on revenues of some $3.2 billion (385 billion yen).

The company credits the increase in earnings to healthy profitability in synthetic quartz, 300mm wafers, and specialty wafers, presumably mostly its annealed wafers. In its silicon business, Shin-Etsu expects wafer sales to be slightly lower for the full year through March, but operating earnings to remain stable. The company has completed capacity to make 75,000 300mm wafers per month. –WaferNews


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