ASE maintains 1Q09 guidance, despite rising China demand
Wafer packaging and testing firm Advanced Semiconductor Engineering (ASE) has not followed fellow industry players in revising its guidance for the first quarter of 2009 despite rising demand. Market watchers estimate that ASE's first-quarter revenues may slide 30-32% sequentially, compared to the company's estimated 35-40% drop. The narrower decrease is thanks to rising orders for white-box handsets from China.
In response, ASE said its estimate for the current quarter will remain unchanged until further notice, due to low order visibility.
ASE earlier projected that it will suffer a negative 1-3% gross margin for the first quarter of 2009, in line with its estimated second straight quarterly loss. ASE also said its utilization rate would slide 20-percentage points sequentially to 40% in the current quarter.
Chipmaker Texas Instruments (TI) has recently raised its estimate for the first quarter of 2009, following guidance revisions made by Altera and Xilinx. Demand for next-generation wireless equipment in China has become the major contributing factor. Spurring handset demand in the region also allowed Taiwan's IC design house MediaTek to revise its first-quarter guidance to a sequential growth.
Silicon foundries Taiwan Semiconductor Manufacturing Company (TSMC) and Chartered Semiconductor Manufacturing yesterday (March 09) lifted estimates for the first quarter, thanks to a substantial number of rush orders from the China market.
In response, ASE said its estimate for the current quarter will remain unchanged until further notice, due to low order visibility.
ASE earlier projected that it will suffer a negative 1-3% gross margin for the first quarter of 2009, in line with its estimated second straight quarterly loss. ASE also said its utilization rate would slide 20-percentage points sequentially to 40% in the current quarter.
Chipmaker Texas Instruments (TI) has recently raised its estimate for the first quarter of 2009, following guidance revisions made by Altera and Xilinx. Demand for next-generation wireless equipment in China has become the major contributing factor. Spurring handset demand in the region also allowed Taiwan's IC design house MediaTek to revise its first-quarter guidance to a sequential growth.
Silicon foundries Taiwan Semiconductor Manufacturing Company (TSMC) and Chartered Semiconductor Manufacturing yesterday (March 09) lifted estimates for the first quarter, thanks to a substantial number of rush orders from the China market.
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