12 Jan 2021 Outlook: Navigating through COVID-19 in a high demanding semiconductor market
As many of you will agree, 2019 was a very tough year for our industry but with a strong recovery and outlook for 2020-2021 based on order bookings till date and the semiconductor equipment forecast.
Before we had time to prepare ourself for the upcoming demand and then there was the unexpected pandemic effecting our supply chain and equipment manufacturing. As many countries in Europe being randomly in lockdown over the last 10 months our dual supply chain strategy was mandatory to secure deliveries of the many orders we received and to address the customer’s concern for on time deliveries. The majority of these orders where coming from our RF-filter (5G), Power Electronic and Compound Semiconductor customers.
At Trymax, we are monitoring the ever changing climate of the COVID-19 pandemic, we want to assure everyone that our number one priority is the health and safety of our employees, customers and suppliers. In that respect Trymax had from beginning a dedicated response team which was and still is monitoring the situation closely. As part of this, we have started implementing measures already in a very early stage to secure safety.
With the additional measures put in place under our business contingency plans we have taken the right steps to balance the safeguard the health of our employees and the sustainable production and supply of our products. We believe that we have managed the situation well and therefore do not foresee currently any bigger interruption.
The Trymax team would like to extend our gratitude and thank everybody for their contribution in helping our company navigating through this COVID-19 period.
So now the question is what will 2021 bring, at this moment we are all still facing challenges as a result of COVID-19. Together we can remain strong and resilient. Our prospects for 2021 look very promising and many new projects are expected. We want to remain the market share leadership and gain an even higher market share. 2021, here we come.
For now stay safe!
Executive Vice President