Advanced Semi (ASX) Boosts IC Growth Outlook Through FY14
Tweet
Share
E-mail
Get Alerts ASX Hot Sheet
Join SI Premium – FREE
The integrated circuit (IC) industry is expected to see modest growth over the next three years, following a strong recovery in 2010.
According to Advanced Semiconductor Engineering (NYSE: ASX), the CAGR from 2011-14 will be about 7 to 9 percent. The outlook is stronger than its previous forecast which called for growth of about 5 percent from 2011-14, according to Digitimes.
Stockpiles in the second quarter were only three-days longer than in the prior quarter. Advanced Semi said there should be a sequential drop as companies have exercised caution around ordering and investing.
The outlook for fourth-quarter orders is still foggy, but smart moves by IC makers should translate into positive outcomes.
Advanced Semi still sees sales growth of 10 percent in 2011.
Shares of Advanced Semi are modestly higher Tuesday, while Semiconductor HOLDRs (NYSE: SMH) is down a little.
According to Advanced Semiconductor Engineering (NYSE: ASX), the CAGR from 2011-14 will be about 7 to 9 percent. The outlook is stronger than its previous forecast which called for growth of about 5 percent from 2011-14, according to Digitimes.
Stockpiles in the second quarter were only three-days longer than in the prior quarter. Advanced Semi said there should be a sequential drop as companies have exercised caution around ordering and investing.
The outlook for fourth-quarter orders is still foggy, but smart moves by IC makers should translate into positive outcomes.
Advanced Semi still sees sales growth of 10 percent in 2011.
Shares of Advanced Semi are modestly higher Tuesday, while Semiconductor HOLDRs (NYSE: SMH) is down a little.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- AutoZone promotes Grace Sharpley to SVP of Finance
- Holtec Nuclear Corporation files for initial public offering
- Enova adds Maria Veltre to board as two directors retire
Create E-mail Alert Related Categories
Corporate News, Insiders' BlogSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
