Powertech foresees slow, steady growth

FAN-OUT PACKAGING:The firm plans to boost capital spending by about 38 percent this year to finance capacity expansion and the development of advanced technology

Taipei Times
Date: Apr 27, 2016
By: Lisa Wang / Staff reporter

Powertech Technology Inc (PTI, 力成科技) expects revenue to grow gradually over the next three quarters on rising demand for advanced handset chips, after seasonal weakness pared net profits 12.7 percent sequentially last quarter, company executives said yesterday.

The Hsinchu-based chip tester and packager also said the government’s suspension of a NT$19.4 billion (US$599.45 million) investment plan by Chinese semiconductor firm Tsinghua Unigroup Ltd (清華紫光) would not affect this year’s business outlook.

“We have arranged cash and technologies to support the company’s business plan this year. The Tsinghua Unigroup case, which is still under government review, will not affect our business, revenue, cash position and capital spending,” chairman Tsai Du-kung (蔡篤恭) told an investors’ conference yesterday.     [FULL  STORY]

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