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XP Power posts lower fourth quarter order intake on weakness in industry

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(Reuters) – British power control components maker XP Power Ltd <XPP.L> on Monday reported lower order intake in the fourth quarter due to ongoing weakness in the semiconductor manufacturing equipment sector.

The company, which is headquartered in Singapore, said order intake fell 6 percent to 45.1 million pounds ($57.85 million) on a constant currency basis for the fourth quarter ended Dec 31.

(Reporting by Karina Dsouza in Bengaluru; Editing by Bernard Orr)

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