IC assembly and test service provider Silicon Precision Industries (SPIL) has announced consolidated revenues of NT$5.26 billion (US$174 million) for November 2011, down 1.7% on month. Sales were down due to a slowing in orders from its IC design clients.
SPIL accumulated NT$56.13 billion in revenues from January through November, showing a 4.1% decline compared to the same period of 2010.
Market watchers expect SPIL's consolidated sales for the fourth quarter to come in line with the company's guidance of a 4-8% sequential decrease.
SPIL said previously that fourth-quarter sales would be affected by customers' cautious attitude toward booking capacity. But short lead-time orders might emerge later in the quarter to support its sales performance, the company added.
SPIL posted consolidated revenues of NT$16.33 billion in the third quarter, up 10.8% on quarter and beating its targeted 2-6% growth.