SAN JOSE, Calif. Amid a headcount reduction in Malaysia, Taiwan's ASE Test Ltd., the world's largest independent provider of semiconductor testing services, said revenues for the first quarter totaled $115.8 million, down 11 percent from Q1 2004 and down 21 percent from Q4 2004.
Net loss under US GAAP was $13.6 million in 1Q05, compared with net income of $8.6 million in Q1 2004 and net loss of $40.8 million in Q4 2004.
Company-wide headcount at the end of Q1 2005 totaled approximately 7,900, down from 9,200 employees at the end of Q4 2004, with most of the reduction affecting contract workers in our Malaysian operations.
The company currently expects its total net revenues in the second quarter of 2005 to decline by 5 percent sequentially.
Given the current forecast, the company expects to spend less than $100 million on purchasing or leasing additional equipment in 2005.