Contract chipmaker Chartered Semiconductor Manufacturing Ltd has lifted its guidance for the first quarter, forecasting moderately higher sales and narrower losses on strong demand for handsets and broadband gear.
Singapore-based Chartered, the world’s fourth largest producer of built-to-order microchips, said yesterday it expected revenues for the three months to March 31 to be up 23% to 25% from the December quarter of last year, higher than an earlier forecast for a 21%–24% rise.