Hello, and welcome to the Soitech Full Year 'twenty one Q4 Call. My name is Josh, and I will be your coordinator for today's event. Please note that this conference is being recorded. And for the duration of the call, your lines will be on listen only. However, you will have the opportunity to ask questions at the end of the call.
I will now hand you over to your host, Paul Boudreaux, to begin today's conference. Thank you.
Thank you, operator, and welcome to Citec conference call dedicated to the of the 4th quarter sales of our fiscal year 2021. This is the quarter covering the period from the 1st January to the end of March 2021. I am Paul Boot, Asturitec's CEO. Together with me on this call are Lea Alsang, our CFO and Steve Baburic, our Investor Relations Officer. So before going into the quarterly figures, let's start with a few general And macro comments.
First of all, as the world has been in these COVID situations for a little over a year now, I hope everyone on this line is safe. At Surytec, as we reported in the last few quarters, our organization has well adapted To this long lasting situations, to this, what we call, new normal. To that extent and As we closed our fiscal year 2021 several weeks ago, I am very, very pleased with what my management team and also the employees have delivered over the last 12 months. Beyond resilience and professionalism, Suritec has proved to be a very reliable partner To all its stakeholders, especially with its strategic customers and suppliers. Regarding our strategic end markets and as we are beginning a new fiscal year, we can also confirm that all stars seem to be aligned.
As you have seen, our semiconductor industry is going through the biggest inflection of our lifetime, supported by very strong megatrends, 5 gs, AI, HAI and Energy Efficiency. Indeed for Soitech, as expected, we are benefiting from a recovery in our end markets, Smartphones and Automotive as well as continuous adoptions of our products in IoT, AGI and Data Centers. In smartphones, specifically, we are still expecting a high single digit growth in volume in 2021 for the whole market And above 500,000,000 units of 5 gs smartphones. In addition, semiconductor content growth is increasing in all our end markets, which support a solid footprint expansion in square millimeters for our products. We continue to expand into new products Our application, specifically on the RF side with POI for filters, GaN for base stations and FD SOI is getting good traction in edge computing.
On the operating side, we continue to ramp our capacity and our headcount to deliver a strong multiyear growth plan. Last but not least, we have also secured our ramp through long term agreements with our silicon wafer suppliers And our fab equipment providers. Overall, what we guided to you last June for fiscal year 2021 is What we can repeat today, flat revenue growth and an EBITDA margin around 30%. Regarding fiscal year 2022, we continue to expect revenue above $900,000,000 and organic growth at least 35%. Now let's discuss our full year revenue for fiscal year 2021.
We are pleased to report That we achieved 1% growth in revenue at constant exchange rates and It is in line with our guidance provided last June. This particularly demonstrates the intimacy built with our customers and ecosystem as well as The agility and efficiency of our operating model. This also shows to which extent the demand for Soetec wafers remains driven by the Increasing footprint of our products, especially for our FSOR in the context of 5 gs, but also By the adoptions of our semiconductor materials like POI, image SOI, NFDSOI, which had a strong finish in Q4. So overall, we achieved sales of €584,000,000 in fiscal year 2021. We had a 3% negative currency impact due to the weakness of the U.
S. Dollars. This means that our fiscal year 2021 Sales are down 2% on a reported basis. You may also remember that at the beginning of the fiscal year 2021, we told you that Q1 was expected to be our lowest quarter and that we would enjoy quarter over quarter sequential growth. Well, this is exactly what happened.
Okay. We have been back to sequential organic growth from 1 quarter to another quarter since And to the opposite of fiscal year 2020 when we had a particularly strong Q4, We achieved this year much more balanced revenue from 1 quarter to another. Let's now move to our Q4 2021 sales performance. We achieved sales of €181,000,000 in Q4 2021. This is our 2nd highest quarter ever.
It represents a 23% growth excluding currency impact over Q3 2021. Compared to the record level of Q4 2020, it represents a 6% organic decrease, Including a 5% negative currency impact, sales were down 11% on a reported basis from Q4 2020. If we now dive deeper in our Q4 figures and look at sales by revenue type, starting with 150, 200 millimeters. Compared to Q4 last year, 150 millimeters to 200 millimeters sales decreased by 14% excluding Currency effects. This is basically essentially due to a volume effect, and we also add slightly less favorable product mix.
However, compared to Q3 2021, we had a sequential growth of 16% at Cost and exchange rates. Sales of RFSOI 200 millimeter were lower than the record sales that we had in Q4 2020, but slightly up compared to Q3 2021 as they continue to be driven by the increase in our FSOI content In every new smartphones, 4 gs and even more in 5 gs. Sales of Power SOI were slightly up Compared to Q4 2020, meaning that they achieved a strong recovery after the low level recorded throughout the year due to the decline of the automotive market in the context of the COVID crisis. In addition, We had a strong surge in 150 millimeter POI wafers for air filters as we have been able to respond to the increasing demand. This is thanks to the ongoing capacity increase at our Berners III facilities and the good ramp up in manufacturing productions.
As a reminder, demand for POI is driven by the need for 4 gs and 5 gs smartphones to cope with an increased number For frequency bands, this translates into higher number of filters and the requirements for enhanced performance. If we now look at our 300 millimeter business, compared to Q4 2020, which was a very high comparison basis, 300 millimeter sales decreased by only 3%, excluding currency effects. This represents a 25 So we maintain a high level of RF SOI 300 millimeter sales Like in 200 millimeter, tractions for more airfsoi content comes from the need for more switches, more antenna tuners and more low noise amplifiers in 4 gs and increasingly in 5 gs smartphones. We achieved a strong quarter in FPSOI. Sales were higher than in Q4 2020 and significantly higher than in Q3 2021.
So this confirms the rebound that we started to experience in Q3. Fabulous Company continued to strengthen their IP SOI based offering for applications dedicated to edge computing, automotive and 5 gs. Regarding the major SOI for 3 d sensing applications and photonics SOI, For the data center, sales were lower than in Q4 last year, but have increased from 1 quarter to another through the year. Finally, our other revenues went up from €8,300,000 in Q4 2020 to €11,700,000 in This is essentially due to a strong quarter achieved by Dokron Design. So let me Now give you a quick update on the main announcement which took place during the quarter regarding further adoptions of our FPSOI technology.
First, I would like to mention Bosch. Bosch is partnering with GlobalFoundries to develop and manufacture its next The generations of automotive radar technology. 2nd, NXP. NXP continues to expand its product Tranche built on 28 FES technology with 2 new UHPALO power crossover products. This is really targeting secure cloud and connectivity.
So to conclude these opening remarks, I would like to reconfirm our outlook for both The fiscal year 2021 and the fiscal year 2022. First, we confirm that our EBITDA margin will reach around 30% in fiscal year 2021. 2nd, we continue to expect our fiscal year 2022 sales to reach above $900,000,000 which represents an organic growth Of at least 35%. So this ends our opening remarks and we are now ready to take your questions. Operator, if you want to take over.
Thank you very much. We do have a couple of questions in the queue already. And our first question comes from the line of Alexander
Thank you for taking my question. I just have a few. The first one is just general.
In the sector,
we've seen most companies beating substantially net guidances and have raised a lot of their outlooks over the past few quarters. So if you could just generally explain why at Sohitech you were back in line and basically there was no change to your Current year outlook, why are you not following the general move of upgrades that we see across the sector? And then I have 2 specific questions. One is, if you could give us an update on silicon carbide, how is that progressing? And the second one is, If you could explain why Photonics was actually down year on year against the strong backdrop for 5 gs and cloud infra It should have driven it higher, so I'd just like to understand that.
Thanks a lot.
Yes. Thank you, Alexander. In fact, We have been very early in our fiscal year giving you the guidance for what we will be doing and We did that in the middle of a very, very complex situations in the pandemic situation. So really what we are really proud of is That we have been able to deliver exactly what we said at the beginning of the fiscal year that is really staying flat in revenue and that was at this time already A strong challenge. Now what is also interesting to look at is that our fiscal year And calendar years like many other companies are reporting are slightly different in terms of Sometimes the trend and don't forget that we had a very, very strong Q4 fiscal year 2020 Q4.
So if you look back To a kind of calendar year type of story, it will be again a different picture, but we are reporting On our fiscal year, so I will say that again the trend that we have seen since Q2 It's exactly what we were expecting. So quarter after quarter, we are now back to growth and significant growth, Because again, I repeat, our Q4 fiscal year 2021 is the 2nd ever quarter in terms of revenues. So we are seeing exactly what our partners and customers and What the industry today is reporting, we are seeing these accelerations, and this is exactly at the time we were expecting. Back to the second question is on silicon carbide. I mean, This is clearly a strong market pool today.
I mean, we continue to see a lot of interest In this technology and the TD and the progress with Applied Material is working as planned. I mean, This is the team have done a great job and we are delivering exactly as we said the prototypes to leading automotive chipmakers as we speak. Don't forget that we do not plan for target revenues for the next 2 to 3 years. So that's still part of the plan, But we are basically on plan for what we were expecting to do and deliver During the last 12 months, incredible job made by all teams because it was not so easy to Travel, as you can imagine, and we were forced to travel wafers when we were not able to travel with people. But Again, we are pleased with where we stand right now, and we are in the process to evaluate now The samples with our partners.
And last question was about Photonics? Yes. So why did it go down? In fact, SOI Photonics Remains the solution of choice for new generations of data centers, okay. And what is true is that it's a very sporadic From 1 quarter to the next, in fact, this Q4 was a strong sequential increase.
That's what we see. We have seen also across the ecosystem a better usage Of the material itself, which means that the overall yield in the supply chain has increased, which is good because it will accelerate In the future, the adoptions of this technology.
Thanks a lot. Thank you
very much. Our next question comes from the line of Emmanuel Matot from ODDO. Emmanuel, please go ahead. Your line is now unmuted.
Hello. Nice to Speak to you. Hope everything is all right. But just to confirm, Are you exposed to any risk of shortage from your key suppliers in terms of silicone equipment? It seems not, but please can we check that at that point, please?
2nd, You are guiding for at least 35% organic growth in fiscal year 2022. Do you expect this growth to be quite Regular, Q1, there will be some volatilities. And does this guidance also include Some price increase because the environment is booming, so maybe you are planning to put in place some price increase for And I have also a question about your CapEx budget for fiscal year 2022. Can you give us some color about it? Do you plan to increase it compared to fiscal year 2021?
And my last question, as you've seen some changes in your top five customers last year, Do they still represent more than 60% of your sales? Do you have more diversification? Thank you.
Okay. So thank you, Emmanuel for these Good questions, because yes, the overall industry is getting exposed to a more aggressive ramp As we discussed previously, and the very good news for Soitech is that we have seen it coming And we have been able to really protect ourselves with long term agreement with all our silicon As suppliers, but also with our equipment suppliers, we have also now Agreements and we are giving them visibility not only on fiscal year 2022, but we are Also giving them visibility on what is coming next. So we do have a very, very solid supply plan, I do not expect anything wrong on this side. It's not going to be in any way a limiting factor. So we talked about this target for next year, About $900,000,000 and clearly we want to give you all the details in June.
What is very important, as I said for this call, is that we have seen starting Q2, a very Quarter after quarter, a very, very positive trend. And this is something that we like because We can plan further and we can anticipate better. So what we see now in the seasonality coming, We continue to see a much better alignment again in the growth And we will continue to see accelerations in H1. That is And that will be a very, very positive sign also because it has been over the last 2 years Kind of end of the year type of growth. This is not going to be the case time, I mean, we see a much more balance.
But again, we will give you much more details in June. Same for CapEx. I mean, we will comment not today, but we will comment in June. But this is very, very Good that you asked these questions because we have been able to plan for the future. And as I said during My comment today, I mean, it's a multi year growth that we are planning for.
So within the top five customers, we have a few leading foundries which are serving the whole industry across Market segments and geographies. So this is for us a big sign of our diversifications because you know that These foundries are serving multiples, multiples customers. So we see in terms of the overall pipeline of end customers, We see it growing in a significant way. And again, the platform manufacturing platform that we are Using clearly the top manufacturer that you can find today in the world. So We are very pleased with the trend also on this.
And
could you also comment a little bit about your pricing policy In the current environment, do you plan to change anything because the demand seems so booming in the
So you're correct. I mean, we have I told you that we are planning for with our customers, Every customers that are under LTS today, they have their basically they have their we are In line with contract and we will fulfill both, I mean, contracts in terms of volumes and pricing. We are Facing a lot of new demand on top of LTAs. In this case, we are also increasing pricing.
Thank you. Thank you very much.
Thank you. Our next question comes from the line of Farron from JPMorgan. Farron, please go ahead. Your line is now unmuted.
Hi, good morning. Thanks for letting me on. I have a couple of questions. First question on demand visibility and capacity planning. So Paul, can you comment on how much of your FY 2022 sales is Underpinned by your current order book.
And as a related question on capacity planning, as I understand your burn in 1, burn in 2 fabs are running At full capacity, and also your outsourcing partner in China, Simgui will also approach full capacity at some point in early 2022, fiscal year 2022. So essentially the flex in terms of capacity will come from Singapore and the ongoing POI at Ram at Burnin 3. So can you update us on your capacity status at Burnham III and Singapore? The second question is on the We've heard some speculation in the press that Tier 1 smartphone OEMs are planning to roll out more Millimeter wave based smartphone models, not just for the U. S.
Market, but for other regions as well. So I just wanted to understand if there is Any ongoing discussion at your end? And what is the market outlook? And are you still on track to roll out SOI based platforms for millimeter wave
Q4 for this question. So let me start with the first one, which is how much of our fiscal year 2022 sales is already booked. And clearly, I'm not going to share the exact numbers, but it's a very, very high numbers. I mean, clearly, we In the current situations, every customer is really Trying to secure their supply. So you can imagine that.
So we are extremely confident on what is Happening for this fiscal year. And to be very clear, I mean, we have started to look at even fiscal year 2023. So this is the type of situations we are in, which is a good situation in terms of how do we plan for growth. In terms of capacity, you said it right. I mean, I think The growth will come in 200 millimeter from our partner in Shanghai and in 300 millimeter Singapore and In Werner, it's going to be on the POI.
We have on these three sites very aggressive ramp that we will share with you guys In June, and that is something that we will be happy to share again in June. Regarding millimeter wave trends, we continue to see millimeter wave Being a significant opportunity in the market in towards the end of calendar year 2022 and Specifically in calendar year 20 3, we don't see a major change on this. We are working with all our 3 fabulous partners to look at the opportunity to integrate our new platforms And new products into this 2nd generations of millimeter weights. So this is the trend that We continue to see and we are happy with what we are getting right now in terms of tractions for the next generations and solutions that we see for the millimeter wave Apart, don't forget that every millimeter wave smartphones will contain sub-six gigahertz phone With our RF front end modules solutions and this is particularly also RF SOI in this case. We are pleased with what we see coming in millimeter wave.
We have not seen an acceleration in terms of adoptions in other regions than USA Right now, but there is a lot of talk going on. And yes, we expect to see the end result for us End of calendar year 2022 and specifically in calendar year 2023.
Paul and maybe if I can just ask a clarification question on Imager SOI. How big is this product line for Soytek today? And what is your outlook on Image and SOI sales over the next few years? Thanks.
Yes, we say that already, I mean, but it's always good to remind everyone. I mean, we are I mean, major SOR is around the mid Single digit in terms of the overall sales and we are extremely confident on What is happening, I mean, we have seen a significant growth year on year fiscal year 2020 Yes, this fiscal year 2021. And we continue to have a very, very strong visibility And what is going to happen this fiscal
year. Thanks, Bowen.
Thank you very much. Our next question comes from the line of Jerome Ramel from Exane BNP Paribas. Jerome, please go ahead. Your line is now unmuted.
Yes. Thank you. Good morning. Good morning, Paul. Two questions.
Could you help us to understand what was the revenue breakdown roughly for your fiscal 2021 between RF SOI And your POI and FDSOI, just to get a rough idea, are we still in the ballpark of, 2 third of your revenues are 70% in our FFOI. And second question, could you update us on the potential FDFOI Eco Thank you.
Yes. Thank you, Jerome. So regarding the mix for this Please, Claudio. Yes, clearly the RF is SOA is still the main driver. In the range of 60%, That's what we see for this past fiscal year.
In terms of basically the FPSOI was more in the range of the 10% to 15% And the rest was covered by Power SOI and POI and Photonics and All the other products. But clearly, this is basically the way we see it. In terms of the ecosystems in China, I think what is important is That it is moving ahead. We continue to see a lot of focus From the Chinese to build this ecosystem, Wallich as a foundry has now a 55 nanometer That they have acquired from Renesas available on the market. So you may think of 55 nanometer, it's not exactly what we expect For a technology like LBSOI, I mean, believe it or not, this is, first of all, a technology that they can manage And they can grow, but they are also building a roadmap moving down to 22 nanometer, Which is also very important because 22 nanometer is under qualifications.
But if you look at the range of products That we can really bring to the market from 55 nanometer going down to 40 and allowing 20 To be on the market within, I don't know how much time it will take. But the trend and that was the beginning of my comment, the trend Is there the trend is positive, the momentum is building and we are very positive about this. Thank you.
Our next question comes from the line of Sebastian from Kepler. Sebastian, please go ahead. Your line is now unmuted.
Yes. Hello, everyone, and thanks for taking the question. And coming back to FD SOI specifically, The business was improving since Q3 of last year. How do you see the demand for FD SOI building up into 2022. Have you seen any specific, I would say, pickup in demand in any of the market or the verticals targeted with FPSO, like edge computing or 5 gs.
And additionally on POI, could you please make an update on the ramp of the Qualcomm project and also the capacity expansion that you have on track. And also, have you made any progress on your discussions With the other RF players for POI. Thank you.
Yes. So thank you for Three questions. So regarding the first one on the FD SOI and again the trend. As you know and we were reporting these situations with Bosch, for example, for radar. As you know, from these situations, from a product announcement to a significant impact on manufacturing, It's basically 18 months, okay.
So, the story I told you last year is exactly what is happening. We are seeing now a lot of new design wins in terms of in the applications that we were expecting to see. So obviously the new radar for cars, part of this new, I will say, Applications that is in the range of this edge computing type of sensing and capability improving the overall capability of the systems. But we see it exactly where we wanted to see it. Edge computing is 1.
Millimeter wave, we are making Good progress in the basically clarifications of the technology. And but we continue to see a growth on FPSOI and we continue to see growth that we can plug over the next 2 to 3 years. So this is not an overnight voila kind of change because Again, we have to integrate these new applications. We have to get into the qualification pass. We have to get the product into manufacturing ramp.
So stay with us on this, but the impact You will continue to see it in fiscal year 2022, and you will continue to see it in fiscal 2023 2024. So we are engaged for this long term growth for these applications. And the good news is that We continue to report new design wins. You continue to see the foundries that are really Involved into this platform, very aggressive in terms of the opportunity they see. So we are at the bottom of it And we will continue to support it.
One thing you may not see and we will Try to give you a little bit more color during June is that like POI, I mean at the SOI there is many products now that are Coming out of this so called main technology, we have a main technology for FBSOI, we have a main technology for BOI, But now we are getting into specific product and we are differentiating our products based on the applications. So this is also the value that we bring in terms of differentiations. And we are really tuning our process and product to make sure that we deliver the best power performance at the end, which gives our customer unique differentiation at the end. And this gives me the opportunity to comment on POI. So that's exactly the case now.
We have multiple products running For POIs and Qualcomm is, as you know, the main drivers in terms of cost. The ramp is Extremely aggressive, and we continue to see this coming in fiscal year 2022. We'll give you more color on this in June. But last but not least, I mean Qualcomm is not the only one. We have basically now several customers In the qualification phase, we believe and we expect to see these customers being in manufacturing during the course of fiscal year 22nd part.
So, I mean, life is clearly moving very fast for POI and we expect to see Significant improvement in fiscal year 2022.
Okay. One question, if I may. On 2022, you have already your bullish sales guidance. How do you see the margin evolving? Is there any things that we need to know in terms of drivers, positive drivers or some Anywhere in your business for your margins moving into 2022?
You know the headwinds and the tailwinds, right? I mean, Clearly, we will give you all the colors in June, but you know that clearly We are going to really benefit from leveraging our manufacturing rank And there is something that we do not really comment is on the FX. We don't know and We will share you the model that we are using and what we are doing. But again, please be patient and join us in June. If I said everything now, Leah is going to be very upset about me and you won't come in June.
So we want you in June.
Okay. Our next question comes from the line of Asiya Matuti from Bank of America. Please go ahead. Your line is now unmuted.
Thank you. Good morning, guys. And Apologies. I joined the call a bit late. So just a few couple of questions.
Firstly, just on FTSI adoption. Now Intel obviously has previously used or designed SOI transistors. They're now going into foundry. And I just wondered if you had any thoughts around how what that could mean for FDSI adoption in the digital space. And secondly, just on millimeter wave adoption.
Compared to 3 months ago, I just wondered if you had any more color around Which way your customers are going? Are they thinking about using more FDSOI? Or are they thinking about using more RFSOI? And finally, any color you can provide on what's happening around GaN would be very helpful. And hopefully these questions haven't been asked previously.
Sorry, I joined a bit late. Thank you.
Yes. On the FPSOI trend, clearly regarding Intel, I have no really I'll comment on that. I mean, they just announced these new orientations. We are in contact with them. We will be talking to them.
And hopefully, we have been always a very good supplier to Intel in For the products like Photonics, for example, so we will continue to develop the relationship With this new model, so nothing really that I can add to that. Regarding the GaN, Clearly, this is an opportunity for growth and what we have done In the course of last year, we have particularly made investments to bring Capacity expansions in both 150 and 200 millimeter for RF and power applications. So we needed to accelerate our 200 millimeter roadmap with our unique capabilities. This was A strong demand from our customers. This is done.
We have now the capabilities and the capacity. So we are Basically here as well in this I mean driving the opportunities for entering more products, Gun products into RF and starting to look at the opportunity for power as well. Finally, maybe I forgot the last questions. And the last question is on
Just in millimeter wave adoption, I just wondered if you could give us some color on whether It's going towards FPSOI or more towards higher FPSOI around the incremental?
No change. I think that the Historical companies that have been on the RF are basically continuing to develop their roadmaps This integrated in one chip and the SOI will be the platform. So We are exactly where we wanted to be, which means that we wanted to have the a la carte menu to really sustain and support The architectures that we are seeing coming to the 2 millimeter wave and we are pleased with the feedback from our customers. They like that and they continue and we continue to evolve because as I said, we are developing next generations of ERIC SOI. And also I don't know if we will call it a DSOI in the future because the platform, the product roadmap has evolved in terms of Supporting the millimeter waves and it's a very interesting road map that we are building with our end customers as well.
Understood. Thank you.
Our final question in the queue at the moment is Robert Sanders from Deutsche Bank. Robert, please go ahead. Your line is now unmuted.
Yes. Hi. Good morning. Thanks for taking my question and squeezing me in. First question would just be around your customers.
Are they becoming a bit of a constraint on your growth in the sense that They're doubling CapEx, but they have a massive backlog. And therefore, in things like RFSOI, in a way, You are a little bit constrained by the willingness of your customers to spend CapEx and find equipment. Is that a consideration at the moment? Because it does seem like the RF demand Still there?
Yes, Rob. I mean, clearly the entire supply chain is under is coming under stress Everybody understand that. But what is extremely, extremely good for us is that we are part of these New innovations that are kind of priority for the foundry because it's a priority for the fabless guys, Right, and the end users. So we talked about this during the call. Obviously, 5 gs is the platform that will be used For these new products that we are going to see in Not only in the automotive world, but in the way education, the way smart city, the way smart home, the way It's Mark, a lot of things right now, but else included.
So what we have seen so far is that All our products are really driven by a very high priority in the supply chain. And we have not been able to I mean, we are not facing capacity constraint Towards Industry Supply Chain, we don't know what we don't know, but so far, which is so good. And the fact that it's really driven by the new innovations for the end customers is the priority for us.
And my last question would just be, in terms of this whole regionalization of semiconductors, In places like Europe and China, clearly, it seems like those regions would like to build their own domestic capability and things like RF. I guess Europe had a bit of a step backwards when ST lost so much business with Huawei, dollars 500,000,000 in infrastructure, dollars 500,000,000 In smartphone, in terms of building scale, but what are you seeing post that? Are you still seeing a strong appetite From companies like ST and others to build capability for in order to sort of put whatever you want to call it security reasons. Is that something that you think could, for example, lead to more funding or other ways of getting money for you guys?
So clearly, Rob, the 5 gs opportunity is The platform that is going to drive for the next 10 years a lot of new applications. And Without naming any customers, I will say that all our customers have a deep interest In not only this platform, but the derivative products that will be supported by these platforms. So we see it all over the place. Now for Europe, yes, there is a big focus in Europe. And you know that part of the early stage of the funding for RFSOI, I mean, it has been To European programs as well many, many years ago.
So, Sorytech will be very well positioned this year, I mean, Also in the new IPC to really drive new innovations, new products, As you can see, because we have POI, we have RF next generations, we have SD next generations, we have also silicon carbide in the pipeline. So we are on the frontline to really get tremendous support From the state, but also from Europe.
Thank you.
We do have another question in the queue. It comes from the line of Jean Philippe Gallant from U. S.
I just have a question of what is your market share currently Globally and maybe by different segments, because I suppose that some of the new products will be you only want to be able to manufacture them. But on FD SOI, you are FS SOI. I'd like to understand a little bit the evolution of your market share and the evolution of your competitors.
Maybe we could debate on this maybe more during the CMD in June, But high level pictures, we continue to grow Our capability and capacity in 200 millimeter with our partner in China, and we will be expanding this dramatically again this year. We are the only one today expanding also at the speed that we are expanding our capacity in In 300 millimeter SOI. So just taking into this, we continue to improve our overall market share and As the demand continues to grow and on POI, I mean, if you look at the Perez, I mean the filter market, we are I don't know if we even exist. I mean we are at the beginning, Okay. The market is huge and we are really getting into this market.
So we have no limits here to continue to grow, but our market Okay. Thank you. Thank you.
We have no further questions in the queue at the moment.
So maybe then I would like to thank you all for your questions. I would like to remind you that the next date in our agenda will be the publications of Our fiscal year 2021 results of 9th June after market close. We will present these results as part of that we will host on the next day, that is to say on the 10th June. So please mark your calendar and save the date. This I would say that this ends our call for today.
I mean, thank you for your attention. Thank you for all the good questions and stay safe. Thank you very much.
Thank you
very much
for joining today's call. You may now disconnect your handsets. Hosts,