Most IC firms likely to report declines in sales for first quarter: experts
The China Post news staffTAIPEI, Taiwan -- Most of Taiwan's semiconductor companies are likely to post sales declines in the current quarter, which is traditionally a slow season, experts agreed yesterday.
January 14, 2013, 12:01 am TWN
They made the remarks as a string of integrated circuit (IC) firms are scheduled to hold their quarterly investors' meetings starting this week.
Taiwan Semiconductor Manufacturing Co. (TSMC), the world's largest contract chip-maker, will lead the pack by holding its conference on Thursday. Then, next week, memory chip manufacturers Nanya Technology and Inotera are expected to hold their meetings on Jan. 23.
Memory maker Macronix and flat panel driver IC maker Novatek will hold their meets on Jan. 30 and 31, respectively. Then, several IC firms including Realtek, MediaTek, Pixart and Vanguard will have their conferences in the beginning of February.
United Microelectronics Corp. (UMC), the world's second largest contract chip-maker, will hold its investors' conference on Feb. 6, the last day of trading prior to the nine-day Lunar New Year break beginning on Feb. 9.
The Taiwan Stock Exchange will close after Feb. 6 to leave room for bank settlements on Feb. 7 and 8, the last two business days before the big break. Stocks will reopen on Feb. 18.
During their investors' meetings, the IC firms will offer insights into the industry for the first quarter and the rest of the year. According to experts, sales are set to decline on a quarterly basis in the first three-month period, which is traditionally a slow season.
TSMC, for example, is expected to see a single-digit decline in first-quarter sales compared to the fourth quarter of 2012, experts said.
However, for 2013, the IC industry is set to see a recovery, after reporting a decline last year due to sluggish demands for personal computers, experts said.