(Reuters) – French semiconductor products vendor Soitec reported a 16% decrease in its half-year sales, mentioning reduced quantities because of relentless “inventory digestion” throughout the smart device worth chain and a softer vehicle market.
The firm reported income of 338 million euros ($ 355.31 million) for the half-year, compared to 401 million euros a year previously.
($ 1 = 0.9513 euros)
(Reporting byOzan Ergenay Editing by Jane Merriman)
