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Austrian chip maker raises sales, profits

Posted by inet - 2005-10-26

LONDON — Silicon foundry and ASIC specialist Austriamicrosystems AG announced that it had raised profits and sales in the third quarter of 2005 compared with the same quarter a year before. The company, which is pursuing mixed-signal, audio and power management applications, said it expects the improvement to continue in the fourth quarter and through 2006.

Austriamicrosystems (Graz, Austria) made a net profit of 6.0 million euro (about $7.2 million) on revenues of 46.4 million euro (about $55.8 million) in the third quarter of 2005. The revenue increased by 13 percent compared to the same quarter in 2004 while the third quarter net result increased by 41 percent from 4.2 million euro in the same period in 2004.

The company said demand for our power management and lighting for portable devices, including a portable satellite receiver from XM Radio, is increasing. Meanwhile portable audio chips have been designed into flash-based MP3 players. The developments look set to increase sales going forward.

To help address this Austriamicrosystems is implementing a capacity increase at its 200-mm wafer fab to take production from 5,200 wafer starts per month to 6,500 WSPM. The additional capacity is expected to be onstream by year-end.

Full year revenue growth is expected to be between 10 percent and 12.5 percent, the company said.

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