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SPIL scores all-time high revenues for 2nd-quarter

TAIPEI, Taiwan -- Siliconware Precision Industries Co. (SPIL, 矽品精密) on Thursday posted consolidated revenues of NT$21.93 billion and NT$7.68 billion for the second quarter and June, reaching all-time highs, respectively.

SPIL yesterday announced that its consolidated revenues for June was NT$7.68 billion, a sequential growth of 3.5 percent from NT$7.43 billion and 28.01 percent increase from NT$6.03 billion from same month last year. Consolidated revenues in May of the world's third largest integrated chips (IC) packaging and testing house had set new high, analysts mentioned.

Analysts told the Central News Agency (CNA) that SPIL's strengthening top lines for the second quarter and June shows strong end-market demand for smartphones, the fourth-generation long time evolution base stations, random access memories, as well as personal computer (PC)-related products and applications.

Regarding SPIL's customers by geographies, IC designers from Taiwan, China and the United States are the main driving force that enabled SPIL's second quarter revenues to continuously scale new heights.

On a consolidated basis, SPIL's second quarter sales revenues were NT$21.93 billion, representing 21.4 percent sequential growth over the first quarter. On a year-on-year basis, sales revenues for the second quarter increased 24.6 percent.

SPIL's company guidance for the second quarter top line perched between NT$20.1-20.8 billion while market estimation was near NT$21 billion. SPIL's report card annouced yesterday managed to surprise the market.

SPIL's unaudited cumulative revenues during the period year to June 30, 2014 was NT$39.99 billion, a sizable increase of 27.27 percent from the same period of a year before.

Speaking about the recent ante-up of capital expenditure (Capex) for 2014, SPIL Chairman and Executive Vice President Bough Lin (林文伯) told local media that SPIL is spending on expanding production capacity for flip chip, bumping and wafer level chip scale packaging, adding that the additional investments will start making contributions in the fourth quarter, a traditional peak season for the semiconductor industry.

Siliconware's board in early June approved a proposal to raise the company's capex for 2014 to NT$18 billion from the previously planned NT$14.7 billion. The revised 2014 capex target was higher than the NT$14.98 billion spent in 2013.

Shares of Hon Hai's Telecom Equipment Units Up on NCC Approval

Shares of Hon Hai Group's (鴻海集團) telecom equipment manufacturing subsidiaries moved higher Thursday after the National Communications Commission (NCC) issued a green light for the group to buy equipment overseas to set up base stations for its 4G network, dealers said.

The approval is seen as a tremendous business opportunity for Hon Hai's telecom equipment suppliers, since investors have embraced high hopes that the parent company will place a large chunk of orders with its units, the dealers said.

Among the Hon Hai units, shares of Microelectronics Technology Inc. gained 7 percent, the maximum daily increase, to close NT$19.05 (US$0.64), shares of Tai Tung Communication Co. added 6 percent to end at NT$68.90 and shares of CyberTAN Technology Inc. closed up 1.75 percent at NT$31.95 in the wake of the NCC approval.

Shares of Hon Hai Precision Industry Co., the flagship company of Hon Hai Group, ended up 0.97 percent at NT$104.00, while the weighted index on the Taiwan Stock Exchange ended up 0.43 percent at 9,526.23 points.

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