REC Silicon’s Q1 Loss Widens to $34.4 Million on Slow Semiconductor Market
The company's polysilicon production dropped 38% YoY in Q1 2023
May 16, 2023
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Norway-based polysilicon manufacturer REC Silicon‘s net loss widened to $34.4 million for the first quarter (Q1) of the financial year (FY) 2023 compared to the net loss of $8.6 million year-over-year (YoY), primarily due to a drop in sales owing to a slowdown in the semiconductor market.