Wafer maker Siltronics warns U.S.-China trade tussle to hit sales, profits

FRANKFURT (Reuters) - Siltronic, a German maker of wafers used to make silicon chips, became the latest firm in the semiconductor industry to warn that U.S. restrictions on exports to China would hit sales and profitability.Munich-based Siltronic, in a statement issued after market hours on Monday, said it expected second quarter sales to be "significantly below" first-quarter levels, with a further decline likely in the third quarter."Siltronic AG currently sees a continuing slowdown of the..