King Yuan Electronics (KYEC), Sigurd Microelectronics and STATS ChipPAC Taiwan Semiconductor all suffered sequential revenue decreases in February 2013, due to inventory adjustments at their clients and fewer working days in the month because of the Lunar New Year holiday.

Consolidated revenues at KYEC slipped 9.1% sequentially and 0.7% from a year earlier to NT$1.04 billion (US$35.1 million) in February 2013, the firm has disclosed. KYEC accumulated NT$2.19 billion in consolidated sales from January through February, up 4.6% compared to the same period of 2012.

Market watchers expect KYEC's sales to pick up starting March, as the supply chain is about to digest excess inventory. KYEC's overall sales for first-quarter 2013 are set to register a single-digit sequential drop, according to the watchers.

KYEC provides chip probing and final test services mainly for LCD driver ICs and handset-related solutions, such as CMOS image sensors.

Sigurd, which specializes in consumer and mature logic ICs, has reported consolidated revenues of NT$346 million for February 2013. The sales figure showed an about 20% decline compared to the prior month's level, but growth of 2.4% on year.

Sigurd's consolidated sales started to include Meicer Semiconductor's revenues in November 2012. Meicer, in which Sigurd now holds a 68% stake, provides backend services for wireless and RF IC solutions.

Meanwhile, fellow backend firm STATS ChipPAC Taiwan generated revenues of NT$90.3 million in February 2013, down 3.2% on month and 16.2% from a year ago. STATS ChipPAC Taiwan is a testing subsidiary of Singapore-based STATS ChipPAC.

In other news, Sigurd recently announced plans to acquire the remaining stake at a price of NT$2.45 per share to wholly own Meicer, with the acquisition scheduled to complete by the end of May.

By: DocMemory
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