SAN JOSE, Calif. -- The X-Fab Silicon Foundries Group posted sales of $79.1 million for the first quarter of 2010, up approximately 93 percent from a year ago and up abouty 19 percent compared to the fourth quarter of 2009.
Germany's X-Fab returned to the black in the first quarter, generating a net profit of $8.2 million.
Booking levels in the first quarter of 2010 were up approximately 24 percent over the previous quarter. As a result, the book-to-bill ratio in the first quarter of 2010 was 1.19.
Consolidated sales of the X-Fab Group in 2009 were $210.5 million, a year-on-year decline of approximately 43 percent.
Hans-Jurgen Straub, CEO of the X-Fab, was upbeat. "Both demand and sales are picking up noticeably, and we have returned to the black,'' he said in a statement. ''In fiscal 2010, we expect approximately 50 percent growth beyond that of 2009.''