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Singapore's Chartered raises forecast

Posted: 13 Dec 2005 ?? ?Print Version ?Bookmark and Share

Keywords:foundry provider? Chartered Semiconductor?

In its scheduled mid-quarter update, Singaporean foundry provider Chartered Semiconductor Mfg Pte Ltd raised its forecast for the fourth quarter.

"Compared to the mid-point of previous guidance, revenues at the Chartered level are now expected to be up approximately $8 million. Consistent with higher revenues, our fourth-quarter net profit is now expected to be approximately $6 million higher than the mid-point of the range previously guided. Our guidance for utilization remains unchanged," said George Thomas, SVP and CFO of Chartered, in a statement.

Back in October, Chartered originally projected an improved picture for Q4. Sales were originally projected to hit $359 million, plus or minus $4 million, up 22-to-25 percent from Q3.

The company was projected to report a profit of $10 million in the quarter, plus or minus $5 million. Fab capacity utilization is projected to hit 79 percent, plus or minus 2 percent.

EE Times

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