Flexible PCB manufacturer Flexium Interconnect expects its capacity utilization rate to rebound to 70% in the third quarter and to 90% in the fourth quarter, buoyed by orders from a US-based smartphone vendor.
The utilization rate dropped to 50-60% in the second quarter as the US-based client decided to delay the launch of new models.
Due to a low base in the second quarter, Flexium is likely to report a 50-60% sequential growth in revenues in the third quarter and continue to register a double-digit growth in the fourth quarter, according to industry watchers.
Shipments of FPCBs for smartphones accounted for 38% of Flexium's total sales in the first half of 2012 compared to 35% for all of 2011. The ratio of smartphone FPCBs is likely to top 50% in 2013, Flexium estimated.
Article translated by Steve Shen