Chartered's revenues jump 67%, approaching $1 billion sales mark for 2000
Semiconductor Business News
(10/18/00, 07:45:12 PM EDT)
SINGAPORE - Citing strong demand in the communications and consumer markets, silicon foundry Chartered Semiconductor Manufacturing Pte. Ltd. here today reported sales of $305.6 million for its third quarter ended Sept. 30, up 67% from $183.3 million in the like period a year ago.
The company reported a net of $71.6 million, or $0.51 per share, in the period, compared to a loss of $6.2 million from a year ago.
For the first nine months, it reported a profit of $167.4 million on sales of $815.4 million. This compares to a loss of $54.7 million on sales of $478 million a year ago.
The results, which would put the company on track to hit the $1 billion sales market this year, also represents the seventh consecutive quarter of solid growth and improved financial performance. "Our strong third-quarter results reflect both our ability to successfully execute our strategies in high growth targeted markets," said Barry Waite, president and chief executive of Chartered.
The company reported a capacity utilization of 103% in the period. It also shipped 246,000 8-inch equivalent wafers in the quarter, up 39% compared to 176,000 units a year ago. Average selling price (ASPs) increased by 22% to $1,242 per wafer in the quarter, compared to $1,014 per wafer last year. |
