(Alliance News) - OSAI Automation System Spa is a forward-looking company benefited by having technology development partners, as CEO, Mirella Ferrero, said.

"We have the advantage of having partners for technological development. The first half of the year was negatively impacted because the whole home consumer world came to a standstill. These days our head of the semiconductor world Marco Guolo is in the Asian area and he let us know that the sector has restarted in Asia in an important way and in China in particular, and for us this is the most relevant business we have in terms of Ebitda," explained Ferrero, who was interviewed during the Next Gems event at the headquarters of Borsa Italiana in Milan, of which Alliance News is a media partner.

Already looking ahead to the next six months, the company lets it know that it sees orders growing in general, Ebitda still improving, and results from the construction of three prototypes aimed at MEMS and the silicon carbide world.

"In the second half of the year, the impact on investment will drop, but an important piece of news for the development that OSAI envisions fifty years from now is the completion at the end of November of the new 4,000-square-meter plant, which financially has taken a lot out of us, but thanks to this available space we know we can count on business that we have always set out for. Improvement in Ebitda, but also in space and therefore efficiency in the whole production activity with increasing margins and possibility of the value of production definitely higher."

The semiconductor industry suffered greatly during the pandemic, and now with the ongoing conflicts in Europe and the war in Gaza we are navigating by sight. "Let's look on the bright side: China has restarted and that means it should guarantee some production. These global crises always make things worse, and I think we are all used to working with uncertainty. In the chip world, but also in the electric car world, there is a lot to be done. The time frame always depends on external factors that no one can control, but we are positive even considering a time frame of a few months longer than we thought."

The company annually directs investments-between EUR2-3 million-always in new technologies and possibilities for new products.

By Claudia Cavaliere, Alliance News reporter

Comments and questions to redazione@alliancenews.com

Copyright 2023 Alliance News IS Italian Service Ltd. All rights reserved.