WASHINGTON: IC testing company Sigurd Microelectronics has reported consolidated revenues for March 2017 of NT$493 million (US$16.2 million), up 7.6% sequentially and 5.4% on year. Sigurd’s revenues for the first quarter of 2017 came to NT$1.46 billion, rising about 17% from a year earlier. Brisk demand for handset- and networking-related chips, as well as power management ICs, led to a particularly strong first quarter for Sigurd, according to industry sources. Meanwhile, revenues generated from Test-Serv (TSI) it acquired in 2016 also made significant contribution to Sigurd’s revenues during the first quarter of 2017.
Market watchers expect Sigurd to post 10% revenue growth in 2017. The company saw its 2016 revenues climb 14.7% on year to a record high of NT$5.8 billion. Specializing in testing services for logic ICs and radio-frequency chips, Sigurd has stepped into the analog chip and power management IC fields after completing its acquisition of fellow testing company TSI in February 2016. With its TSI takeover, Sigurd has reportedly cut into the supply chain of MediaTek’s unit Richtek Technology.
Meanwhile, ShunSin Technology, a subsidiary of Foxconn Electronics (Hon Hai Precision Industry) specializing in assembly and test of system-in-package (SiP) modules, has announced consolidated revenues for March 2017 fell 29.2% on year to NT$246 million. Revenues totaled NT$736 million for the first quarter of 2017, down 24.3% from a year earlier and 9.8% on quarter. ShunSin saw its 2016 revenues decline 30.1% to NT$4.13 billion, while net profits decreased 12.5% on year to NT$961 million. The company said it will strengthen its business in the fingerprint sensor, car electronics and MEMS sectors in 2017.