Northeast Seafood Coalition, 1 Blackburn Ctr, Ste 2, Gloucester, MA 01930, US

Soitec is a semiconductor materials company based in Gloucester, MA, specializing in the production of substrates for smartphones, connected devices, and electric vehicles. With their innovative SmartSiC technology and patented SmartCutTM process, Soitec aims to reduce CO2 emissions by 70% during the wafer manufacturing process. They have recently inaugurated a new factory dedicated to SmartSiC production, positioning themselves as a standard for future electric vehicles and tripling their addressable markets by 2030. Despite a slight decline in revenue in the first and second quarters of their 2023-2024 fiscal year, Soitec maintains a solid EBITDA margin of 33% and anticipates a moderate growth in the second half of the year. They have a strategic roadmap in place, aiming for a revenue of around $2.1 billion and an EBITDA margin of 40% by 2025-2026, with ambitions extending beyond that period. With a focus on sustainable development and a strong demand for semiconductors, Soitec expects their addressable markets to triple by 2030.Generated from the website

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