Germany's Merck KGaA insists semiconductor market remains attractive

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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