Get the latest tech news
Siltronic Falls After Slashing Dividend on Semiconductor Demand
Siltronic AG shares plunged after the company cut its dividend and delayed 2028 targets, citing weak demand from chipmaking customers.
Siltronic AG shares plunged after the company cut its dividend and delayed 2028 targets, citing weak demand from chipmaking customers. The stock fell as much as 12% in German trading, the biggest intraday drop in almost two years. The maker of silicon wafers for the semiconductor industry slashed its dividend to €0.2 per share from the €1.2 per share it paid in 2023, it said in a statementBloomberg Terminal.
Or read this on Bloomberg