Fri, Jul 04, 2014 - Page 14 News List

Siliconware sees revenues surge to new high in June

By Lisa Wang  /  Staff reporter

Siliconware Precision Industries Co (SPIL, 矽品精密), the nation’s second-largest chip packager, yesterday posted a record-high revenue for last month, raising last quarter’s revenue 22 percent over the first quarter.

Sales increased 3.51 percent month-on-month and 28.01 percent year-on-year to NT$7.68 billion (US$256.9 million) last month, with second-quarter revenue totaling NT$21.92 billion, beating chairman Bough Lin’s (林伯文) previous forecast of between NT$20.1 billion and NT$20.8 billion.

In April, Lin said robust demand for smartphones and computers would fuel growth for SPIL in the April-to-June quarter.

Last quarter’s sales were also higher than the NT$20.5 billion estimated by Credit Suisse analyst Randy Abrams, who tied the results to contributions from strong demand for chips used in multiple applications.

In the first half of the year, cumulative sales totaled NT$39.99 billion, up 27.27 percent from the same period of last year, as smartphone processors drove up the firm’s flip-chip packaging business, its data showed.

To cope with surging demand amid tight supply, the company raised its capital spending for the second time for this year to NT$18 billion — the highest in its history — with the additional budget intended mainly for high-end testing and packing machines.

SPIL shares rose 1.99 percent yesterday in Taipei trading to close at NT$51.2 on the Taiwan Stock Exchange. They have risen 43.82 percent this year, higher than the broader market’s 10.62 percent increase over the period.

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