Chartered predicts sales decline as orders weaken
Spencer Chin
(10/28/2004 6:48 PM EDT)
MANHASSET, N.Y. — Chartered Semiconductor Manufacturing (Singapore) reported net income of $16.2 million on sales of $257.3 million in its third quarter, compared with a net loss of $75.9 million on sales of $137.7 million in the year-ago quarter.
Chartered said revenue met guidance and increased 87 percent from a year ago, due to an increase in volume shipments of 0.13-micron technology products. Revenue, however, increased only slightly from $255.8 million the previous quarter as communications industry business slumped.
"Since the second half of June, we started seeing weakness from customers that could be broadly categorized into changes in product mix and inventory build-up related to specific customers," said George Thomas, vice president & chief financial officer of Chartered, in a statement.
Third-quarter capacity utilization was 89 percent, compared to 59 percent in the year-ago quarter, and 90 percent in the second quarter.
During the quarter, Chartered announced it would begin pilot work on qualifying 65-nm process technology. The company is already qualifying 90-nm technology through an alliance with IBM.
Chartered expects fourth-quarter revenue to fall to approximately $193 million, as a slowdown in orders extends to the company's computer and consumer customers.
Related Semiconductor IP
- NFC wireless interface supporting ISO14443 A and B with EEPROM on SMIC 180nm
- DDR5 MRDIMM PHY and Controller
- RVA23, Multi-cluster, Hypervisor and Android
- HBM4E PHY and controller
- LZ4/Snappy Data Compressor
Related News
- Altera says orders 'deteriorated' in February, predicts 24% drop in Q1 sales
- Rhines predicts FPGA vendors will rule platform roost
- SIA predicts 19.8 percent chip market growth in '03
- Chartered Expands Design Services Alliance Program, Further Augments Total Product Solution Offering
Latest News
- CAST Releases First Dual LZ4 and Snappy Lossless Data Compression IP Core
- Arteris Wins “AI Engineering Innovation Award” at the 2025 AI Breakthrough Awards
- SEMI Forecasts 69% Growth in Advanced Chipmaking Capacity Through 2028 Due to AI
- eMemory’s NeoFuse OTP Qualifies on TSMC’s N3P Process, Enabling Secure Memory for Advanced AI and HPC Chips
- AIREV and Tenstorrent Unite to Launch Advanced Agentic AI Stack