Telecoms tech manufacturer Filtronic says an industry-wide shortage of critical semiconductor components could begin to abate next year.
The electronic component manufacturer, which has bases at NETPark in Sedgefield, County Durham, Yeadon in Leeds and Maryland, US, makes products for the aerospace, defence, telecoms infrastructure and critical communications markets. The firm has now told investors its trading in the opening months of its 2023 financial year had been in line with expectations but the shortage of chips felt across many sectors had hampered its output.
Ahead of its annual general meeting, the supplier to aerospace, defence and telecoms markets, said it was confident of delivering full year results in line with expectations thanks to a healthy orderbook. It comes after Filtronic opened a Manchester office last month to support engineering design work.
