X-FAB Announces New Outlook Target
07 Juin 2023 - 11:41AM
Business Wire
Regulatory News:
On the occasion of X-FAB Silicon Foundries SE’s (X-FAB Group)
(BOURSE:XFAB) Investor Day to be held today, 7th June 2023 in
Paris, France, X-FAB Silicon Foundries SE announces its new outlook
of USD 1.5 billion revenue and EBITDA margin of 30-35% as targets
to achieve by 2026.
About X-FAB
X-FAB is the leading analog/mixed-signal and MEMS foundry group
manufacturing silicon wafers for automotive, industrial, consumer,
medical, and other applications. Its customers worldwide benefit
from the highest quality standards, manufacturing excellence and
innovative solutions by using X-FAB’s modular CMOS processes in
geometries ranging from 1.0 to 110 nm, and its special silicon
carbide and MEMS long-lifetime processes. X-FAB’s analog-digital
integrated circuits (mixed-signal ICs), sensors and
micro-electro-mechanical systems (MEMS) are manufactured at six
production facilities in Germany, France, Malaysia, and the US.
X-FAB employs more than 4,200 people worldwide.
For more information, please visit www.xfab.com.
Forward-looking information
This press release may include forward-looking statements.
Forward-looking statements are statements regarding or based upon
our management’s current intentions, beliefs or expectations
relating to, among other things, X-FAB’s future results of
operations, financial condition, liquidity, prospects, growth,
strategies or developments in the industry in which we operate. By
their nature, forward-looking statements are subject to risks,
uncertainties and assumptions that could cause actual results or
future events to differ materially from those expressed or implied
thereby. These risks, uncertainties and assumptions could adversely
affect the outcome and financial effects of the plans and events
described herein.
Forward-looking statements contained in this press release
regarding trends or current activities should not be taken as a
report that such trends or activities will continue in the future.
We undertake no obligation to update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise, unless legally required. You should not place undue
reliance on any such forward-looking statements, which speak only
as of the date of this press release.
The information contained in this press release is subject to
change without notice. No re-report or warranty, express or
implied, is made as to the fairness, accuracy, reasonableness or
completeness of the information contained herein and no reliance
should be placed on it.
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X-FAB Press Uta Steinbrecher Investor Relations X-FAB
Silicon Foundries +49-361-427-6489 uta.steinbrecher@xfab.com
X-FAB Silicon Foundries (EU:XFAB)
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