X-FAB Silicon Foundries SE provided revenue guidance for the second quarter of 2023. Revenue is expected to be in the range of $205 million to $220 million. The aforementioned guidance is based on an average exchange rate of 1.09 USD/Euro.

For avoidance of doubt, the company reiterated its full year 2023 guidance remains unchanged with revenues which are expected to come in at a range of $880 million to $960 million. But in light of the good results of the first quarter, it's more likely that will be in the higher range of the guidance for the full year.