IC packaging and testing house Sigurd Microelectronics expects to maintain its 2013 capex at the same level as 2012. The expenditures will be spent on expanding capacity and R&D.
Sigurd's board of directors has approved plans to budget NT$1 billion (US$34.5 million) in capex for 2013. Adjustments could be made to the budget to reflect changes in customer demand and market conditions, the company added.
With brisk orders for MediaTek's chips and sales generated from its equity investment in Meicer Semiconductor, Sigurd is forecast to report sales growth of at least 10% for 2013, according to market watchers.
Sigurd estimated that sales for the first quarter of 2013 would likely be lower than the levels reached in the fourth quarter of 2012, citing seasonal factors. The firm has not given a sales projection for all of 2013.
Sigurd's consolidated revenues climbed to a record NT$464.8 million in November. Sales amounted to NT$4.43 billion for the first 11 months of 2012, rising 6.4% from a year ago.
Article translated by Jessie Shen
