MIDLAND, MI -- Dow Chemical's Electronic and Functional Materials unit saw sales drop 4% from last year to $1.2 billion in the second quarter. Volumes declined 2% year-over-year.
Electronic Materials reported sales declines across most businesses, largely due to continued soft demand in the electronics industry. However, the business reported broad-based volume gains in Semiconductor Technologies, partly driven by improving foundry utilization rates.
Overall, Dow reported sales for the period were down 10% year-over-year to $14.5 billion, on lower demand in Europe.
Dow Electronic Materials makes metallization and imaging products for printed circuit boards, among other products.