News Article
Chartered Semiconductor Reports A
Chartered Semiconductor reports a
IQE made Q1 sales of GBP5.680m, down 56% on the previous year. Operating
losses excluding goodwill and exceptional item costs were GBP4.977m. Q1 2001
had an operating profit at GBP1.264m. Weak demand and spending cutbacks were
blamed.
President/CEO Dr Drew Nelson commented: "We are now beginning to see some
improvements in trading and, in line with previous guidance, expect H1 to be
the bottom of the current downturn for us."
SEMI reported world billings for the semiconductor equipment industry in Q1.
The total came to $4.05bn, down 64% on Q1 2001. Europe - where the downturn
hit later - is down 72.3% at $0.44bn. North America suffered a better than
average fall of $50.9% giving $1.46bn in Q1 2002. Taiwan was also better
than average at $0.54bn, down 52.6%. Korea ($0.29bn) and Japan ($0.93bn)
also suffered 72% declines. The rest of the world (ROW) was down 65.3% at
$0.41bn. Equipment orders are down 36% at $4.15bn.
losses excluding goodwill and exceptional item costs were GBP4.977m. Q1 2001
had an operating profit at GBP1.264m. Weak demand and spending cutbacks were
blamed.
President/CEO Dr Drew Nelson commented: "We are now beginning to see some
improvements in trading and, in line with previous guidance, expect H1 to be
the bottom of the current downturn for us."
SEMI reported world billings for the semiconductor equipment industry in Q1.
The total came to $4.05bn, down 64% on Q1 2001. Europe - where the downturn
hit later - is down 72.3% at $0.44bn. North America suffered a better than
average fall of $50.9% giving $1.46bn in Q1 2002. Taiwan was also better
than average at $0.54bn, down 52.6%. Korea ($0.29bn) and Japan ($0.93bn)
also suffered 72% declines. The rest of the world (ROW) was down 65.3% at
$0.41bn. Equipment orders are down 36% at $4.15bn.