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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: StanX Long who wrote (10642)	7/18/2003 2:13:46 AM
From: StanX Long	Read Replies (1) \| Respond to of 95487

Struggling Chartered reports Q2 revs up sequentially Semiconductor Business News 07/17/2003, 7:47 PM ET siliconstrategies.com MILPITAS, Calif. -- Singapore-based foundry Chartered Semiconductor Manufacturing Pte. Ltd. made a net loss of $90.0 million on sales revenues of $127.6 million in its results for the second quarter of 2003, the company said Thursday (July 17, 2003). Sales were up 23% sequentially and ahead of guidance of 17 percent to 20 percent sequential increase For the third quarter the company forecast that revenue would rise 3 percent to 7 percent from the second quarter, to between $131 million and $137 million. "We saw healthy growth in the second quarter as a wide range of customers increased orders, particularly those in the communications and consumer segments of our business," said Chia Song Hwee, president and chief executive officer of Chartered. in a statement. "Revenues were up both in advanced and mature technologies. In advanced technologies, our 0.13-micron shipments reached 6 percent of our total business base revenues, compared to 1 percent in first quarter 2003. In mature technologies, wafers shipped were up 30 percent sequentially. In line with our strategic objectives, Chartered entered into three mature wafer sourcing engagements this quarter, demonstrating continuing execution to our strategy." Wafer shipments in the second quarter 2003 were 140.1 thousand eight-inch diameter equivalent wafers, an increase of 18.2 percent compared to 118.6 thousand wafers (eight-inch equivalent) in second quarter 2002, the company reported. Shipments in second quarter 2003 increased by 25.6 percent compared to 111.6 thousand wafers (eight-inch equivalent) shipped in first quarter 2003. This more than offset a fall in the average selling price per wafer, which decreased by 2.1 percent from $931 per wafer in first quarter of 2003 to $911 per wafer in second quarter 2003. Capacity utilization in second quarter 2003 was 55 percent compared to 42 percent in the year-ago quarter, and 45 percent in first quarter 2003, Chartered said.