BEFORE THE FALL:Despite its bumper Q2, the firm expects rocky times ahead, with the Greek debt crisis, China’s stock market rout and the strong US dollar softening demand
Date: Jul 30, 2015
By: Lauly Li / Staff reporter
Siliconware Precision Industrial Co (SPIL, 矽品精密), the world’s No. 2 chip packager, yesterday said net profit for last quarter was its highest quarterly showing in five-and-a-half years, but it expected revenue to decline 12.42 percent sequentially this quarter due to weak demand amid a longer-than-expected inventory correction.
Revenue is expected to drop to between NT$18.6 billion (US$590.05 million) and NT$19.8 billion this quarter from last quarter’s NT$21.24 billion, chairman Bough Lin (林文伯) told an investors’ teleconference.
“Inventory digestion is very slow, mainly due to weaker-than-expected smartphone demand in emerging markets, therefore most of our clients are very cautious about placing new orders,” Lin said. [FULL STORY]