IC packaging leadframe supplier Chang Wah Technology (CWTC), which saw its monthly revenue exceed NT$1 billion (US$32.5 million) for the second consecutive month in May, is likely to report higher-than-anticipated revenue for the second quarter of 2023, according to the company.
CWTC credited its positive performance to a recent pull-in of short lead-time orders.
CWTC announced May revenue of NT$1.03 billion. Revenue for the first five months of 2023 totaled NT$4.88 billion, down 20.2% on year.
CWTC's revenue should have hit bottom in the first quarter and start recovering at a gradual pace in the second, according to market sources. The company has expanded its focus to include applications such as miniLED backlighting and automotive power management ICs, in addition to its expertise in traditional leadframes for applications such as QFN and QFP.
Article translated by Jessie Shen
