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Siliconware Precision outlook turns rosy for the semiconductor market

TAIPEI, Taiwan -- On the basis of order visibility and inventory adjustment progress, Siliconware Precision Industries Co. (SPIL, 矽品精密) on Friday expressed bullish sentiment over the semiconductor industry in the second half of this year.

SPIL is the world's third largest semiconductor packaging and testing service provider. SPIL Chairman Bough Lin (林文伯) yesterday hosted the company's annual shareholders' meeting in Hsinchu.

Speaking about the company's outlook on the semiconductor industry, Lin indicated that SPIL has seen an increase in pull-in orders and has gotten strong requests from customers to expand production capacity.

As the pace of inventory adjustments in the global semiconductor industry has accelerated, Lin expects that it is the bottom of the curve for Taiwan semiconductor companies.

SPIL shareholders yesterday approved cash dividend of NT$1.8 for the greenlit 2013 earnings report. SPIL posted the best-ever annual consolidated revenues of NT$69.35 billion for 2013, with net profit of NT$5.89 billion, or NT$1.89 per share.

SPIL gave an impressive sales report for May. This sales data is evidence that the global semiconductor industry is staging a strong rebound after inventory adjustments in the previous two quarters, MasterLink Securities analyst Tom Tang told local media.

In a statement released earlier, SPIL posted NT$7.42 billion in consolidated sales for May, up 8.76 percent from a month earlier and also up 24.15 percent from a year earlier.

Siliconware's consolidated sales for June is expected to hit about NT$7 billion, making it easy for the company to reach its second- quarter sales guidance, Tang said.

May was the second consecutive month for Siliconware to record a fresh high in consolidated sales. In April, sales hit NT$6.82 billion.

In the first five months of this year, Siliconware's consolidated sales rose 27.09 percent from a year earlier to NT$32.31 billion.

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 Taiwan market retreats over selling in large-cap electronic-sector stocks 
Siliconware Precision Industries Co. Ltd. (SPIL, 矽品) Chairman Bough Lin (林文伯) indicates an upbeat outlook on the semiconductor sector in the latter half of this year, while anticipating the company's performance to continue growing in the third quarter, at a shareholders' conference in Taipei, yesterday. (CNA)

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