To Our Shareholders and Investors
I am deeply grateful to our shareholders and investors for your ongoing confidence in SUMCO.
The market for 300 mm semiconductor silicon wafers, our mainstay products, saw demand for both logic and memory applications greatly exceed supply capacity, due to expanding data center needs and growth in smartphone 5G communications. We expect supply-demand tightness for logic use to increase further, while the shortage for memory use will continue to be strongly felt.
In the market for wafers of 200 mm and smaller, as well, the supply-and-demand situation is likely to remain tight in the face of extremely strong needs for automotive, consumer, and industrial uses.
In this market environment, our Group will go ahead with capital investment, as decided last year, in new buildings, utility facilities, and manufacturing facilities. We will further enhance the distinctive advantage of our products by developing technologies for state-of-the-art wafers for which continued strong demand growth is expected, while steadily carrying out productivity improvements making greater use of AI, so that we can meet the needs of our customers.
At the same time, we will continue paying close attention to the impact on our performance from a feared slowdown in the global economy due to rising geopolitical risks.
For the fiscal year ending December 2022, in overall consideration of the profit levels in this period, the future outlook, funding needs for capital investment, and the status of internal reserves, an interim dividend amount of 34 yen per share has been decided, for a consolidated payout ratio of 40.8%.
I earnestly ask for your continued support and cooperation.
Mayuki Hashimoto, Representative Director
Chairman & Chief Executive Officer
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