Friday, August 3, 2007
Free-falling DRAM prices affected United Test and Assembly Center 's performance in the second quarter.
UTAC said in a statement that profits for the second quarter dipped to $13.8 million, a 10.8 percent decline on last year and a 23 percent drop from the prior quarter. However revenues came in at a relatively healthy $179.3 million, virtually unchanged from the first quarter and a 48.7 percent increase on last year.
President and CEO Lee Joon Chung admitted unfavorable DRAM prices and a "challenging" mixed signal market had put the group had through a "difficult" patch, but also said strength in its analog business had managed to offset losses in other areas.
UTAC is betting that the analog sector will remain buoyant going into the third quarter and that the DRAM and mixed-signal markets are "turning the corner" despite the fact that they have "yet to signal an upturn with conviction," he added.
While its numbers may not have dazzled the group is arguably faring better in the current environment than rivals such as STATS ChipPAC and ASE, both of which have seen revenues and profits plunge in recent months.
By: DocMemory
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