ASE Technology Holding Co (日月光投控) yesterday reported revenue last quarter grew 6 percent from the previous quarter to NT$160.59 billion (US$5.18 billion), slightly above the estimate the company issued three months ago.
The world’s biggest chip testing and packaging service provider in October said seasonal demand would fuel sequential growth of about 3 percent in revenue for last quarter.
Last year as a whole, revenue contracted 16.5 percent to NT$204.68 billion, compared with NT$245.14 billion the previous year, the company’s data showed.
Photo: Ann Wang, Reuters
As inventory digestion in the semiconductor supply chain is coming to an end, ASE expects revenue to return to growth this quarter with solid growth momentum throughout the year, it said in a statement.
Vanguard International Semiconductor Corp (世界先進), which makes driver ICs used in displays, reported that its revenue last quarter declined 8.43 percent to NT$9.67 billion from the previous quarter, meeting its estimate made in November.
The chipmaker attributed the decline to continued inventory-driven weakness in auto chip demand, which offset a mild pick-up in demand for driver ICs used in TV displays.
Vanguard’s revenue last year fell 25.96 percent to NT$38.27 billion, compared with NT$51.69 billion in 2022.
United Microelectronics Corp (UMC, 聯電), the world’s fourth-largest contract chipmaker, saw revenue dip 3.7 percent sequentially last quarter to NT$54.96 billion from NT$57.07 billion due to weak demand for auto chips.
Last year, revenue plummeted 20.15 percent to NT$222.53 billion from NT$278.71 billion in the prior year, UMC said, adding that it expects a turnaround this year, driven by increased shipments and better chip prices amid diminishing inventories in laptop and smartphone supply chains.
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