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Stats ChipPac narrows Q2 net loss on strength of mobile computing

Published on Aug 8, 2014 8:33 PM
 
Employees at the production line at Stats ChipPac, which provides semiconductor packaging and testing services. -- PHOTO: ST FILE 

SINGAPORE - Stats ChipPac, which provides semiconductor packaging and testing services, has posted much improved results.

Net loss for the second quarter ended June 29 narrowed to US$4.2 million ($5.2 million) from US$52.2 million previously.

Revenue rose 3.4 per cent to US$409.9 million, due to strong growth in its mobile communications business, driven by demand for the emerging market wireless chipsets and next-generation long-tem evolution processors.

Operating margin improved to 3.4 per cent of revenue, compared to 0.7 per cent in the first quarter and 0.9 per cent in the same period last year.

 
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