Tuesday, January 3, 2012
ChipMOS Technologies expects its revenues to increase 10-15% to top US$690 million in 2012, thanks to a pick-up in orders for panel-use driver ICs and new testing orders for mixed-signal ICs, according to company chairman SJ Cheng.
Cheng indicated that November orders for driver IC products slipped 10-20% on month, but December grew more than 20% from November as clients stepped up their pace of orders for the year-end shopping season. Orders from clients remain strong for the first quarter of 2012, said Cheng, adding that the company's utilization rate is expected to stay similar to the December level.
Sales of ChipMOS' driver IC assembly and testing services will account for 40% of company revenues in 2012, remaining the largest contributor, the company estimated.
Meanwhile, sales of its mix-signal IC backend services will rise substantially in 2012, driven by testing orders from Japan-based Asahi Kasei Microdevices (AKM), the company said.
Specializing in mixed-signal ICs for consumer, automotive and communications applications, AKM recently announced plans to raise its backend orders to partners in Taiwan including ChipMOS and Thailin Semiconductor, a ChipMOS subsidiary.
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