Soitec plans to increase automotive and industrial revenue to 20%

In terms of Soitec's revenue, in the first half of 2023, the revenue of mobile communication-related products was 3.41 billion euros, accounting for 72.4%, an increase of 23% year-on-year; the revenue of automobile and industrial-related products was 570 million euros, accounting for 12.1%, an increase of 72% year-on-year; the revenue of smart device-related products was 730 million euros, accounting for 15.5%, an increase of 17% year-on-year. According to relevant reports, Soitec continues to be optimistic about automobile and industrial-related products, and plans to increase the proportion of automobile and industrial revenue to 20% and reduce the proportion of mobile communication revenue to 65%.