UNCERTAINTY: The wafer and testing services firm is ‘cautiously optimistic’ about its third-quarter outlook, amid concern over COVID-19’s effect on the global economy
Taipei Times
Date: Jun 04, 2020
By: Lisa Wang / Staff reporter
Chunghwa Precision Test Technology Co president Scott Huang, left, and new chairman Lin Kuo-feng pose for a photograph after an annual general meeting in Taoyuan yesterday.
Photo: Hung Yu-fang, Taipei Times
As the COVID-19 pandemic has not stalled the deployment of 5G, Chunghwa Precision has “a cautiously optimistic view about the outlook for the third quarter,” it said in a statement.
The improving COVID-19 situation and the escalating 5G race between China and the US have also helped bolster demand for its wafer testing services and vertical probe card (VPC) business, it said.
For the full year, Chunghwa Precision expects 5G applications and base stations to fuel demand for wafer testing services, given the complexity of 5G chips. [FULL STORY]