Advanced Semiconductor Engineering swings to net profit
Advanced Semiconductor Engineering Inc. said Friday it swung to a net profit in the first quarter from a loss a year earlier, providing further evidence of the recovery in the chip industry.
Semiconductor fab equipment spending is expected to decline by about 11 percent to US$35 billion this year, but that would still mark the third-highest level in the past 10 years, a report released by Semiconductor Equipment and Materials International said yesterday.