ROSY OUTLOOK: The chip tester and packager sees little impact from the row between UMC and Micron Technology, and expects continued growth as it enters its peak season

Taipei Times
Date: Jul 25, 2018
By: Lisa Wang  /  Staff reporter

Memorychip tester and packager Powertech Technology Inc (力成科技) yesterday reported its strongest quarterly earnings in seven years, aided by growth in flash memory chips and a favorable foreign exchange rate.

Net profit last quarter rose 30 percent to NT$1.68 billion (US$54.69 million) from NT$1.29 billion in the first quarter, the company’s financial statements showed. Earnings per share increased to NT$2.16 from NT$1.66.

Gross margin improved to 21.2 percent last quarter from 20.9 percent in the previous quarter, company data showed.

That re-enforced Powertech’s confidence about revenue growth for the full year, despite potential impact from the patent infringement lawsuits between its major customer, Micron Technology Inc, and United Microelectronics Corp (UMC, 聯電) in China.    [FULL  STORY]