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

German chip equipment supplier Siltronic on Thursday said its sales and core profit reached record highs in 2022, driven price increases and strong U.S. dollar.

The provider of silicon wafers for semiconductor industry reported a 28% jump in annual sales to 1.8 billion euros ($2.0 billion), in line with its outlook for 26-30% growth.

The company, which did not provide detailed financial targets for 2023, said it expected the high inflation to push unit costs even higher this year, while negative currency effects and weaker end-markets could weigh on sales. ($1 = 0.9076 euros)