November 23, 2006, 11.42 am (Singapore time)
Stats ChipPac submits bid for assembly, test facility
SINGAPORE - Stats ChipPac, the world's fourth-largest microchip packaging firm, has submitted a bid to buy the assembly and test operations of a US chipmaker in Asia, sources familiar with the situation said on Thursday.
'A US chipmaker is selling its back-end facility in Asia. Stats submitted a bid one month ago; it should know the outcome in December,' an industry source said.
Stats ChipPac reported in October a third-quarter net profit of US$18.5 million and said it expects fourth-quarter net profit excluding special items to be between US$22 million and US$29 million. -- REUTERS
