News Article
The Taiwan Foundries Reported Net Sales Figures For August. TSMC Achieved
The Taiwan foundries reported net sales figures for August. TSMC achieved
50% growth on 2001 with TWD13.544bn. UMC's sales were at TWD6.413bn, up 64%
year-on-year.
German mixed-signal test equipment supplier SZ Testsysteme is downgrading
its sales and earnings forecasts for the fiscal year 2001/2002 (to September
30). The managing board is projecting a loss in excess of EUR20mn (EBIT)
with sales of EUR22mn. SZ Testsysteme is in negotiations with creditors
(banks and suppliers) for a fair amendment and to ensure a sufficient
financing outlook. The number of employees will be reduced to 200 in order
to lower costs. SZ is predicting that sales in the ATE industry will remain
flat during H1 2003.
In July, SZ Testsysteme reported a renewed recession and orders postponed
from Q3 into the next financial year (Bulletin 440, July 8, 2002). Cost
cutting measures were due to reduce the workforce from 390 to 300. At that
time, recovery was expected by the end of the year or early next year at the
latest.
Philips Semiconductors sees continued market weakness with limited
visibility. Q3 sales are expected to be 12-14% up on 2001 in dollar terms,
with unfavourable comparisons when translated into Euros. "Plans are in
place to reduce the structural breakeven point." The company's guidance for
July was for a 25-31% increase, year-on-year.
IMPORTANT EUROSEMI PLUS TRIALISTS
its sales and earnings forecasts for the fiscal year 2001/2002 (to September
30). The managing board is projecting a loss in excess of EUR20mn (EBIT)
with sales of EUR22mn. SZ Testsysteme is in negotiations with creditors
(banks and suppliers) for a fair amendment and to ensure a sufficient
financing outlook. The number of employees will be reduced to 200 in order
to lower costs. SZ is predicting that sales in the ATE industry will remain
flat during H1 2003.
In July, SZ Testsysteme reported a renewed recession and orders postponed
from Q3 into the next financial year (Bulletin 440, July 8, 2002). Cost
cutting measures were due to reduce the workforce from 390 to 300. At that
time, recovery was expected by the end of the year or early next year at the
latest.
Philips Semiconductors sees continued market weakness with limited
visibility. Q3 sales are expected to be 12-14% up on 2001 in dollar terms,
with unfavourable comparisons when translated into Euros. "Plans are in
place to reduce the structural breakeven point." The company's guidance for
July was for a 25-31% increase, year-on-year.
IMPORTANT EUROSEMI PLUS TRIALISTS
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