Germany's Merck KGaA insists semiconductor market remains attractive

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FRANFURT/LONDON -Merck KGaA does not anticipate that a projected decline in smartphone sales this year will weigh on its semiconductor chemicals business any time soon, CEO Belen Garijo told Reuters on Thursday. Sales of mobile phones, the biggest driver of the microchip market, are forecast to fall 7.1 pe

FRANFURT/LONDON -Merck KGaA does not anticipate that a projected decline in smartphone sales this year will weigh on its semiconductor chemicals business any time soon, CEO Belen Garijo told Reuters on Thursday.

There is a significant shortage of chips and Merck's customers are building significant capacity to serve end consumers, but there is a softening in smartphone demand, said Garijo.

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