STATS ChipPAC Q3 net revenue outlook bleaker

MAINBOARD-listed STATS ChipPAC has revised its expectedthird-quarter net revenue for this year downward to between US$398 million and US$405 million, a dip of about 1 per cent to 3 per cent from the second quarter.

The semiconductor test and advanced packaging service provider said on Wednesday that it had originally expected third-quarter net revenue to rise by about 2 per cent to 8 per cent from the preceding quarter.

In the third-quarter outlook published in August, STATS ChipPAC had expected its adjusted earnings before interest, taxes, depreciation and amortisation (Ebitda) to range between 20 per cent and 25 per cent of revenue.