IC packaging and testing house Siliconware Precision Industries (SPIL) has reported consolidated revenues of NT$5.1 billion (US$176 million) for June, up 5.1% on month. Consolidated revenues for the second quarter of 2011 amounted to NT$14.74 billion, representing minor growth of 1.9% on the previous quarter.
SPIL said previously that sales for the second quarter would come in at the lower end of its 3-7% growth forecast, which was made without considering exchange rate volatility.
SPIL chairman Bough Lin earlier indicated that clients' inventories that were piled up after the Japan disaster have yet to be digested due to a particularly slow second quarter. Lin also expressed pessimism about the overall chip market in the third quarter, warning that growth may not enjoy peak season effects as seen in past years.
Fellow IC packaging and testing firm Advanced Semiconductor Engineering (ASE) has not yet published its June revenues. Company COO Tien Wu suggested in a recent report that sales of ASE's packaging and testing unit for June may be lower than previously expected due to inventory correction in the supply chain.
Wu noted that customers are working through their inventories. But the inventory adjustment process is expected to complete later in the third quarter, Wu said.