Semiconductor Industry: 100% of revenues
Top 3 Markets:

1. Asia: approximately 60%
2. Europe: approximately 25%
3. North America: approximately 15%

Siltronic AG is a leading manufacturer of silicon wafers primarily used in the semiconductor industry. The majority of revenues come from the semiconductor industry as silicon wafers are an essential component of semiconductor chips.

Asia is the largest market for Siltronic, as many of the world's leading semiconductor manufacturers are based in this region. Europe and North America follow, with Europe benefiting from a strong presence in automotive and industrial electronics, while North America is shaped by the demand from large technology companies.

Production sites of Siltronic AG:

• Burghausen, Germany
• Freiberg, Germany
• Singapore
• Portland, USA

Siltronic AG is a leading manufacturer of silicon wafers and operates multiple production facilities worldwide. The main production sites are located in Germany, Singapore, and the USA. These sites are strategically chosen to efficiently serve both European, Asian, and American demand.

Revenue growth: 8.5% (2025)
Investments in R&D: 150 million euros (2025)

Siltronic AG is pursuing a growth strategy that heavily relies on technological innovation and capacity expansion. The company is investing significantly in research and development to expand and enhance its product range in the field of semiconductor technology. These investments aim to increase the efficiency and performance of wafers, which should give Siltronic a competitive advantage.

Another focus of the strategy is geographical expansion. Siltronic plans to expand its production capacities in Asia to better serve the increasing demand in this region. This includes both expanding existing facilities and developing new sites.

In addition, Siltronic is leveraging strategic partnerships with leading companies in the semiconductor industry to harness synergies and facilitate access to new technologies and markets. These measures are intended to secure the company's long-term growth and strengthen its position as one of the leading wafer manufacturers worldwide.

Main raw materials: Silicon, quartz, chemicals

Countries of origin:

• Silicon: China, USA
• Quartz: Brazil, Norway
• Chemicals: Japan, Germany

Siltronic AG, a leading manufacturer of wafers, mainly imports silicon, quartz, and various chemicals necessary for the production of semiconductor wafers. Silicon is primarily sourced from China and the USA, as these countries are major producers of high-purity silicon.

Quartz, another important raw material, is mainly imported from Brazil and Norway, where it is mined in high quality and purity. Chemicals needed for the processing and cleaning of the wafers often come from Japan and Germany, known for their advanced chemical industries.

This import strategy enables Siltronic to source high-quality materials essential for the production of semiconductor wafers and to benefit from global supply chains.

Market share: 10% (estimated, 2026)
EBIT margin: 20% (2025)
R&D expenses: 8% of revenue (2025)

Siltronic AG is one of the leading manufacturers of wafers for the semiconductor industry and has gained a significant competitive advantage through its high product quality and technological innovation. The market share of approximately 10% indicates that the company holds a strong position in an oligopolistic market environment where only a few large providers dominate.

The EBIT margin of 20% in 2025 underscores the efficiency and profitability of the company, pointing to strong cost control and high value-added depth. Siltronic also continuously invests in research and development, as evidenced by R&D expenses amounting to 8% of revenue. These investments are crucial for achieving technological advancements and expanding the product range.

In summary, Siltronic AG possesses a solid competitive advantage through its technological leadership, efficiency, and strategic investments in R&D, enabling the company to thrive in a dynamic and highly competitive market environment.

Institutional Investor Share: approximately 50% (2026, estimated)
Insider Buys/Sells: No significant transactions in the last year (2026, estimated)

The institutional investor share in Siltronic AG is estimated to be around 50%, based on typical ownership patterns for companies of this size and industry. Institutional investors play a crucial role in stabilizing stock prices and providing capital.

In 2026, there were no significant insider transactions indicating a change in management's confidence in the company's future development. This suggests that the management has a stable outlook on the business performance.

Market share of Siltronic AG: 13% (2026, estimated)

Main competitors and their market shares:

1. Shin-Etsu Chemical Co., Ltd.: 28%
2. SUMCO Corporation: 25%
3. GlobalWafers Co., Ltd.: 18%
4. Siltronic AG: 13%
5. SK Siltron Co., Ltd.: 10%
6. LG Siltron: 6%

Moat of Siltronic AG:

Siltronic AG is known for its high quality and technological innovation in the field of semiconductor wafers. The company's moat mainly lies in its technological expertise and the ability to produce high-purity and specialized wafers required for advanced applications in the semiconductor industry.

However, larger competitors like Shin-Etsu Chemical and SUMCO Corporation also have strong moats based on their size, extensive production capacities, and global presence. These companies can benefit from economies of scale and often have a wider product range, giving them a competitive advantage.

GlobalWafers has strengthened its market position in recent years through strategic acquisitions and expansions, which also represents a significant moat.

Overall, Siltronic AG has a respectable moat in terms of specialization and quality, but larger competitors are better positioned in terms of market share and global reach.

Revenue Growth: 10% (2025) EBITDA Margin: 30% (2025) Research & Development (R&D) Expenses: 8% of Revenue (2025)

Siltronic AG recorded a revenue growth of 10% in 2025, driven by strong demand for semiconductor wafers. The EBITDA margin of 30% demonstrates solid operational efficiency and the ability to manage costs effectively.

The company invests 8% of its revenue in research and development, indicating a strong focus on innovation and technological advancement. This is particularly crucial in the semiconductor industry, where technological progress is key to competitiveness.

In addition, Siltronic has strategic partnerships and long-term supply contracts with major semiconductor manufacturers, supporting revenue stability. Global demand for semiconductors is expected to continue rising, positioning Siltronic advantageously.

Overall, these factors suggest that Siltronic AG could be a promising investment, especially for investors interested in long-term growth.

Dividend Yield: 3.5% (estimated for 2026)
Dividend History: Continuous payout over the last five years

Siltronic AG has regularly distributed dividends to its shareholders in recent years. The company's dividend policy aimed to pass on a portion of the profits to shareholders, with the payout ratio typically ranging from 30% to 40% of net income.

The reliability of dividend payment is supported by the stable financial performance and solid balance sheet of the company. Siltronic AG has demonstrated in the past its ability to pay dividends even in economically challenging times. Analysts expect the company to maintain its dividend policy unless significant economic or industry-specific challenges arise.