SLUGGISH PIckup:Despite lower than expected Q3 demand in the communications segment, Advanced Semiconductor Engineering expects to earn steady Q4 revenue
Taipei Times
Date: Oct 30, 2017
By: Lisa Wang / Staff reporter
Advanced Semiconductor Engineering Inc (ASE, 日月光半導體), the world’s biggest chip packager and tester, said quarter-on-quarter net profit shrank 19 percent last quarter due to a slower-than-expected pickup in the communications segment.
On a consolidated basis, net profit declined to NT$6.34 billion (US$209 million) from NT$ 7.85 billion in the second quarter, ASE said.
Gross margin inched up to 18.7 percent form 18.4 percent, thanks to higher factory utilization, it said.
The Kaohsiung-based company expects to see a steady fourth-quarter as revenue and gross margin from its core chip testing and packaging businesses are to retain last quarter’s levels. The core business revenue grew 7 percent to NT$41.85 billion last quarter, while gross margin improved to 25.1 percent from 23.1 percent. [FULL STORY]