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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: StanX Long who wrote (63192)	4/25/2002 2:25:50 AM
From: StanX Long	Read Replies (1) \| Respond to of 70976

Taiwan's ASE cuts losses in Q1 despite 2% sequential sales drop Semiconductor Business News (04/24/02 15:58 p.m. EST) siliconstrategies.com TAIPEI, Taiwan -- Advanced Semiconductor Engineering Inc. today posted a net loss of NT$230 million ($6.6 million) on sales of NT$10.0 billion ($287 million) in the first quarter. ASE's sales were 2% lower than revenues in the fourth quarter of 2001 and 11% below sales in the same quarter last year. However, the Taiwan chip assembly and testing house was able to significantly reduce its net loss from NT$1.1 billion ($32 million) in the fourth quarter of 2002. "We believed that we are off to a good start in the first quarter of this year as our revenues exceeded the normal seasonal pattern," said Jason Chang, chairman of ASE Group. "We have seen demand for our advanced assembly and test capacity continued to grow in a very healthy momentum, and the strength came from across all end markets in a wide customer base. " Sales from ASE's chip-assembly operation were NT$7.9 billion ($227 million), a 2% sequential decline from Q4 and a drop of 3% from the first quarter of 2001. Unit volume remained sequentially flat, with assembly lines producing 54.6 billion pins (on packages) in the first quarter. Compared to Q1 of 2001, the volume was 8% higher. ASE's test revenues dropped 3% sequentially to NT$2.1 billion ($60.3 million) in the first quarter, which was 32% lower than Q1 last year.