SAN JOSE, Calif. The chip packaging and test sector is taking a beating, based on the recent results from Amkor, STATS ChipPAC and others.
But there are some exceptions to the rule. Tessera Technologies Inc., an IC packaging specialist, said revenue was $22.5 million in the quarter, up 27 percent from the like period a year ago.
Net income was $7.7 million for the second quarter of 2005. This included an income tax provision charge of $4.2 million, of which $1.2 million was cash taxes paid. The prior year's net income was $8.7 million, which included an income tax provision charge of $497,000.
Tessera expects third quarter 2005 total revenues to be in the range of $18.5-to-$19.0 million. For the full year 2005, Tessera now expects total revenues to be in the range of $94.0-to-$96.0 million. This compares to the company's previous guidance of $92.0-to-$94.0 million.
Taiwanese IC packaging and test house Siliconware Precision Industries Co. Ltd. (SPIL) announced that its sales revenues for 2Q was NT$9,041 million ($285.5 million), representing a 13.3 percent increase sequentially and a 3.8 percent increase a year ago.
The company reported a net income of NT$1,292 million $40.8 million) in 2Q, up 8 percent sequentially but down 11 percent from a year ago.
Its average assembly utilization rate was 95 percent in 2Q 2005. The average testing utilization rate was 85 percent.