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Oct 23, 2009
Chartered stays in the red
By Serene Luo
Homegrown chipmaker Chartered Semiconductor Manufacturing was unable to arrest its downward spiral and continues to be in the red this third quarter. --ST PHOTO: MUGILAN RAJASEGERAN
HOMEGROWN chipmaker Chartered Semiconductor Manufacturing was unable to arrest its downward spiral and continues to be in the red this third quarter.
It made a net loss of US$4.7 million (S$6.57 million), compared to the US$24.4 million it lost in the same quarter last year.
To date this year, it has lost almost US$143 million, including a US$8.4 million transaction cost related to its proposed buyout by an Abu Dhabi company.
Its revenue of US$415.2 million for the quarter was also down 10.4 per cent compared to the same period last year.
The loss per share was one US cent for the quarter, or a cumulative 22 US cents for the nine months ended Sept 30.
Its factories were 75 per cent used, compared to 85 per cent a year ago.
Chartered stays in the red
By Serene Luo
Homegrown chipmaker Chartered Semiconductor Manufacturing was unable to arrest its downward spiral and continues to be in the red this third quarter. --ST PHOTO: MUGILAN RAJASEGERAN
HOMEGROWN chipmaker Chartered Semiconductor Manufacturing was unable to arrest its downward spiral and continues to be in the red this third quarter.
It made a net loss of US$4.7 million (S$6.57 million), compared to the US$24.4 million it lost in the same quarter last year.
To date this year, it has lost almost US$143 million, including a US$8.4 million transaction cost related to its proposed buyout by an Abu Dhabi company.
Its revenue of US$415.2 million for the quarter was also down 10.4 per cent compared to the same period last year.
The loss per share was one US cent for the quarter, or a cumulative 22 US cents for the nine months ended Sept 30.
Its factories were 75 per cent used, compared to 85 per cent a year ago.
