ASE reports record-beating May revenues, 16% up YoY
Advanced Semiconductor Engineering Inc.’s (ASE, ) consolidated revenues in May — the highest monthly figure for the year — hit a new record compared with the same period over past years.
The company reported NT$23.36 billion in revenues in May, which was 6 percent higher than April’s number, and more than 16 percent higher compared with a year ago.
However, the company’s sales relating to integrated circuit (IC) packaging and testing and raw materials dipped 0.6 percent from April to NT$12.49 billion. The number also fell 7 percent from last year’s NT$13.43 billion.
In the period between January and May, ASE’s consolidated revenues grew at an annual rate of 17.29 percent to register NT$110 billion.
The semiconductor company
is reportedly acquiring new buildings in Kaohsiung to step up its high-level IC packaging and testing capacity.
More specifically, the company will beef up its system in package, wafer-level packaging, and flip chiprelated capabilities. The annual output is estimated to arrive at US$460 million when running at full capacity.
With regards to second-quarter prospects, ASE forecasts the capacity of its IC packaging and testing business will grow 2 percent, while profitability will stay about the same as in the first quarter.
Institutional investors expect ASE’s overall revenues in the second quarter to see single-digit growth compared with the first quarter.
IC packaging and testing sales are expected to see 2 to 4 percent quarterly growth, while electronic contract service revenues are expected to jump about 15 percent.