EuropeBE Semiconductor plans US, Taiwan expansion as chip demand soars
Reuters
2 minute read
Chipmaking equipment supplier BE Semiconductor (BESI) (BESI.AS) said on Friday it planned to boost its operations in the United States and Taiwan as its top customers ramp up investment to meet a surge in chip demand.
The Dutch-based maker of semiconductor assembly and packaging equipment also said it expected second-quarter revenue to rise between 30% and 40% from the previous quarter. At present, our strategic priorities focus primarily on ramping production to meet customer delivery dates, Chief Executive Richard Blickman said in a statement, citing favourable order trends.
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Feb 19 (Reuters) - Dutch firm BE Semiconductor (BESI)
, which makes equipment for chipmakers, forecast on
Friday a surge in first-quarter revenues after saying its
fourth-quarter numbers were above its expectations on the back
of strong demand in Asia.
It shares rose 8% in early trading.
BESI, whose customers include tech companies like Samsung
, Sony and Qualcomm, sees
January-March revenue rising 30%-40% from the previous quarter
as orders received to date exceeded total bookings in the fourth
quarter.
The Dutch multinational company, which designs and
manufacturers semiconductor equipment, has benefited from the
global rollout of 5G networks, which are set to power everything
By Reuters Staff
(Adds details, CEO comment)
Feb 19 (Reuters) - Dutch firm BE Semiconductor (BESI) , which makes equipment for chipmakers, forecast on Friday a surge in first-quarter revenues after saying its fourth-quarter numbers were above its expectations on the back of strong demand in Asia.
It shares rose 8% in early trading.
BESI, whose customers include tech companies like Samsung , Sony and Qualcomm, sees January-March revenue rising 30%-40% from the previous quarter as orders received to date exceeded total bookings in the fourth quarter.
The Dutch multinational company, which designs and manufacturers semiconductor equipment, has benefited from the global rollout of 5G networks, which are set to power everything from high-speed video transmissions to self-driving cars.