Semiconductor wafer supplier Soitec withdraws full-year, medium term guidance (updated)

Soitec SA

27/05/2025 17:06

Corrects paragraph 4 to show Jacquemont was finance chief of divisions of French groups, not CFO of groups

By Nathan Vifflin

AMSTERDAM, May 27 (Reuters) - French semiconductor materials supplier Soitec SOIT.PA on Tuesday withdrew forecast targets for its new fiscal year and the medium term, following a multi-year slump in automotive and industrial chip demand.

"Given the current reduced visibility and market uncertainties, the group withdraws any guidance, whether related to all or part of its activities", it said in a statement, adding it will only guide on a quarterly basis.

It expects first-quarter revenue to fall 20% year-on-year at constant exchange rates, against the 121 million euros ($137.1 million) it reported last year.

     It also said in a separate statement that Chief Financial Officer Lea Alzingre will step down with immediate effect and will be replaced by Albin Jacquemont, formerly the finance chief of divisions of French groups Carrefour CARR.PA, Suez and Darty FNAC.PA.

"(Jacquemont) has led major financial transformations and delivered significant value through operational performance improvement, cash-flow optimization and M&A execution," Soitec said in a statement.

The group will address investors and analysts on Wednesday at 1200 GMT at an event to present its full-year earnings.

It said in February it saw limited growth for 2026 and cut its 2025 guidance as semiconductor wafer customers in the automotive and consumer electronics industries hit the brakes on deliveries amid worsening market conditions.

($1 = 0.8828 euros)

 (Reporting by Nathan Vifflin in Amsterdam; Editing by Jan Harvey)

 ((nathan.vifflin@thomsonreuters.com; +48 58 769 67 13;))