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Merck reports earlier-than-expected improvement in semiconductor market

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Merck KGa is seeing a faster-than-expected improvement in its semiconductor materials business, the German pharma and technology company said on Thursday.

FILE PHOTO: The logo of German pharmaceuticals company Merck is seen in front of the company's headquarters in Darmstadt, Germany, May 16, 2016. REUTERS/Kai Pfaffenbach/File Photo

It has seen an inflection point in the second quarter for advanced nodes and materials for AI applications, it said, having previously said it expected a recovery in the semiconductor market in the second half of the year. Merck's semiconductor solutions business, which makes up 69 per cent of its Electronics business, the smallest of its three divisions, posted a 10.4 per cent rise in second-quarter net sales, beating analysts' expectations.

Raising its full year guidance for Electronics on Thursday, Merck said it expects"the remaining semiconductor materials market to gradually recover" in the second half of the year. We know it's a hassle to switch browsers but we want your experience with CNA to be fast, secure and the best it can possibly be.

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