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Singapore's Chartered Semiconductor has again issued a statement saying that the entire group may suffer losses in the third quarter due to lower revenues due to low chip prices.
Chartered Semiconductor issued a third-quarter profit warning on July 27. It is estimated that the company may receive a net profit of US$5 million in the third quarter, and may face losses of up to US$5 million. Sales will also decline. It is 6.6 percent to 332 million dollars.
In the third quarter of last year, Chartered’s earnings reached $24.4 million and sales were $355.3 million.
According to Singapore’s Lianhe Zaobao, Xie Songhui, president of Chartered Semiconductor, said yesterday that the performance in the third quarter will be the same as the company’s previous forecast.
Chartered Semiconductor also maintains its forecast for the third quarter average selling price, which will be reduced by 7% compared to the previous quarter, and the quarterly season is between $ 864 and $ 880. It is expected that the capacity utilization rate will increase, from 74% last year to 84%.
Chartered Semiconductor is scheduled to announce its third quarter results on October 26.
Licensed Semiconductor's loss is generally considered to be the third-largest customer of the Chartered Semiconductor, the central processing unit (CPU) operator AMD, and began looking for cheaper chips to counter the CPU industry leader Intel, resulting in a decline in the price of licensed semiconductor chips.
According to a report by Citigroup's Singapore branch analysts, the connection between AMD and Chartered Semiconductor is becoming weaker. Due to AMD's efforts to save market share, the price of licensed semiconductor chips is likely to rise much more than expected.
Chartered’s share price has fallen 18% this year, and both the Singapore Exchange and the US Nasdaq Composite Index both fell yesterday.
In addition, AMD, the world's second-largest computer processor manufacturer, also announced its third consecutive loss in July.
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