To Our Shareholders and Investors
I am deeply grateful to you, our shareholders and investors, for your ongoing support of SUMCO.
In the market for semiconductor silicon wafers, demand for data centers is growing sharply on the back of a dramatic increase in data traffic. In addition, expansion in demand in line with enhanced sophistication in smartphones has led to continued strong demand, particularly for 300mm wafers, since the middle of 2016. The supply-and-demand situation has therefore been tight in recent times.
Demand for small-diameter wafers of 200mm or less continues to be solid owing to remarkable growth in demand for semiconductors used in automobiles, notably for automatic brakes and lane-keeping assist systems, as well as for the Internet of Things (IoT), coupled with recovery in demand in telecommunications and industrial sectors. As such, this product is now riding a new wave of growth.
In this business environment, strong demand is expected to continue in the market for semiconductor silicon wafers in the first quarter of fiscal 2017 for both 300mm and 200mm wafers.
Based on the SUMCO Vision, the SUMCO Group will continue developing state-of-the-art technologies to differentiate its products from others and enhance its presence among customers. We will also strengthen our profit base through further cost rationalization and productivity improvements.
I would also like to report that we have decided on an interim dividend of 5 yen per share and an annual dividend of 10 yen per share for the fiscal year ended December 2016, after comprehensive consideration of the level of net income in the fiscal year, the future outlook, funding needs for capital investment and the level of internal reserves.
I earnestly ask for your continued support and cooperation.
Mayuki Hashimoto, Representative Director
Chairman & Chief Executive Officer
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