Siliconware Precision Industries (SPIL) has reported consolidated revenues of NT$5.88 billion (US$200.5 million) for February 2018, down 5.6% sequentially and 2.1% on year.

SPIL's cumulative 2018 revenues through February totaled NT$12.11 billion, down about 6% on year.

Market watchers expect SPIL's first-quarter revenues to show seasonal weakness.

SPIL is on track to merge with fellow IC backend company Advanced Semiconductor Engineering (ASE) under their newly-established holding company later in the first half of 2018. SPIL chairman Bough Lin expects the company to continue its growth momentum under the parent holding company.

SPIL has plans to budget NT$19.2 billion in capex for 2018. Market watchers expect SPIL to use one-fourth of the capex to expand production capacity at the company's new based production subsidiary in Fujian, and the remainder to build additional capacity of its bumping, FCBGA, WLCSP and testing production lines.