1st Silicon expects revenue to exceed RM320mil this year


  • Business
  • Tuesday, 14 Dec 2004

BY JACK WONG IN KUCHING

1ST Silicon (M) Sdn Bhd, which has started producing wafers of 0.13 micron at its Kuching Sama Jaya Free Trade Zone plant, expects revenue to exceed RM320mil this year. 

For the first nine months of this year, the company recorded revenue of RM270mil, compared with RM190mil for the whole of 2003. 

Sarawak Second Finance Minister Datuk Wong Soon Koh said 1st Silicon's revenue this year was expected to be 67% higher than last year. 

Datuk Wong Soon Koh

“1st Silicon's product technologies span not only the markets for cellular phone and handheld video games, but also that for image sensors and high voltage technologies,” he added. 

Wong said the company had started production of chips for smart cards, e-passport and identity cards. 

He said 1st Silicon had over the years cut operational costs, streamlined its management and restructured its financial position to take advantage of an eventual market upturn. 

Wong said, having attained operational efficiency and survived a severe downturn in the global semiconductor industry in the past three years, 1st Silicon should increase its revenue and further strengthen its customer base. 

He said by refinancing its existing loans, the company would reduce its cost of borrowings and improve its financial position.  

Also, many international firms supporting 1st Silicon's operations had set up offices in Kuching, which helped transfer sophisticated skills and technological expertise to locals. 

“Over 80% of 1st Silicon's workforce are Sarawakians, with some holding very senior positions in the company,” Wong added.  

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
   

Did you find this article insightful?

Yes
No

Across the site