Advanced Semiconductor Eng-ineering Inc (
The net loss was NT$128 million (US$4 million), or NT$0.03 a share, from a profit of NT$1.6 billion, or NT$0.42, a year earlier, the company said today in a statement on unaudited earnings.
Sales, reported earlier, rose 8.4 percent to NT$18.7 billion. The company said it would keep the average selling prices in the second quarter "stable from the first quarter," Chief Financial Officer Joseph Tung (董宏思) said.
The company won't cut prices to boost orders, and may consider raising prices as costs of materials rise, he said.
Advanced Semiconductor said it had a first-quarter operating loss of NT$166 million, compared with a profit of NT$1.8 billion a year earlier. The company packages chips from silicon wafers produced by companies such as Taiwan Semiconductor Manufacturing Co (台積電), IBM Corp, Nvidia Corp and Agilent Technologies Inc. The company has plants in Korea, Japan, Singapore, Malaysia and the US.
"We expect to see improvements across the board from the third quarter," with demand coming from companies that use the chip for personal computers, graphics, chipsets and game consoles, Tung said.
The company expects to sign up new customers in the third quarter, he said. Advanced Semiconductor will cut capital spending this year to between US$200 million and US$250 million to limit capacity in order to "protect average selling prices," Tung said.
RSS