Packaging and testing house Silicon Precision Industries (SPIL) saw its second-quarter revenues increase 2.1% sequentially to NT$21.24 billion (US$686.6 million), which met the low-end target of the company's guidance of NT$21.2-22.4 billion.

SPIL has reported June revenues of NT$6.88 billion, down about 7% on month. Revenues totaled NT$42.05 billion for the first six months of 2015, rising 5.1% from a year earlier.

SPIL chairman Bough Lin remarked previously that the semiconductor industry would hit bottom between June and July, as PC sales remain sluggish while smartphone demand in emerging markets rises at a slower pace. However, chip demand should start picking up in August and grow through October, Lin said.

Lin also identified that China has become an important market prompting many brand device vendors to adjust their schedules for ordering chip components, as seasonal demand in China could be more significant than that in developed markets like the US.