Stats ChipPac narrows Q2 net loss on strength of mobile computing
Published on Aug 8, 2014 8:33 PM
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.
To continue reading, log in if you are a subscriber
If you are not a subscriber, you can get instant, unlimited access here