Chip equipment maker Siltronic says demand still high as end-markets slow

German chip equipment supplier Siltronic on Thursday said demand for its wafers was still strong even as it warned a slowdown in end-markets could weigh on 2023 results.

The global technology industry has been battling a sharp and sudden downturn in demand since late 2022, as companies cut spending on tech products and services while consumers spend less on discretionary goods amid surging inflation.