(Reuters) – French semiconductor merchandise vendor Soitec reported a 16% lower in its half-year gross sales, mentioning lowered portions due to relentless “inventory digestion” all through the sensible gadget price chain and a softer car market.
The agency reported revenue of 338 million euros ($ 355.31 million) for the half-year, in comparison with 401 million euros a 12 months beforehand.
($ 1 = 0.9513 euros)
(Reporting byOzan Ergenay Editing by Jane Merriman)
