Tue, Jul 10, 2012 - Page 13 News List

Semiconductor firms post revenue rise

By Kevin Chen  /  Staff reporter

Major semiconductor companies yesterday reported an increase in second-quarter revenues from the previous quarter as customers restocked their inventories, but the numbers remained lower than the previous year because of the impact of a slowing global economy.

United Microelectronics Corp (UMC, 聯電), the world’s No. 2 contract chipmaker, yesterday said sales last month rose 1.13 percent year-on-year and 0.9 percent month-on-month to NT$9.29 billion (US$309.9 million), the highest in 13 months.

As a result, second-quarter revenue reached NT$27.62 billion, which represented an increase of 16.23 percent from the previous quarter.

On May 24, UMC chief executive officer Sun Shih-wei (孫世偉) predicted the company would post a sequential increase of 15 percent in second-quarter revenue and said sales would continue growing during the high season for the foundry business in the third quarter.

However, second-quarter revenue was still 1.88 percent lower than a year earlier, according to a company statement.

Meanwhile, smaller foundry operator Vanguard International Semiconductor Corp (世界先進) posted sales for last month which were up 21.22 percent from a year earlier and were the highest in 22 months at NT$1.64 billion.

“Because of the growth in wafer shipments, net sales for last month increased about 7.4 percent compared with NT$1.53 billion in May,” company spokesperson D.L. Tseng (曾棟樑) said in a separate statement.

In the April-to-June period, the firm, a supplier of driver ICs used in PC and TV flat panels, saw revenue increase 44.5 percent -quarter-on-quarter and 13.47 percent year-on-year to NT$4.55 billion.

Last quarter’s performance was in line with the company’s earlier projection made on April 27, when Tseng said wafer shipments would increase by 44 percent to 46 percent over the first quarter.

MStar Semiconductor Inc (晨星半導體), the world’s biggest chipmaker for LCD TVs, said its consolidated revenue for the second quarter totaled NT$8.96 billion, up 0.5 percent quarter-on-quarter and 7.3 percent year-on-year, according to a statement on its Web site.

In May, MStar forecast second-quarter revenue growth of 6 percent from the first quarter, to a range of between US$300 million and US$318 million, while predicting a strong third-quarter performance on rising demand for TV chips in China and increased shipments of chips used in cellphones and set-top boxes.

Sales reached NT$2.91 billion last month, the lowest in five months, which were 8.7 percent higher year-on-year, but 1.4 percent lower month-over-month.

As for chip packaging and testing services, Advanced Semiconductor Engineering Inc (ASE, 日月光半導體), said its consolidated sales were NT$15.37 billion last month, up 4.5 percent year-on-year, but down 1.7 percent month-on-month. As a result, revenue totaled NT$45.87 billion in the second quarter, a rise of 6.4 percent from the first quarter, but 0.8 percent lower than the year before.

On June 21, ASE chief operating officer Tien Wu (吳田玉) projected a sequential increase of 15 percent in second-quarter sales and expected strong growth in the second half, supported by the launch of an array of new Ultrabooks and tablets.

Additional reporting by Lisa Wang

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