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IC backend service company KYEC to increase capex for 2015

  • Author:Abby
  • Release on :2015-06-29

King Yuan Electronics (KYEC) has decided to hike its capex for 2015 to NT$5.8 billion (US187.08 million) from NT$5 billion set previously, the IC backend service company has said after its latest board meeting.

The capex expansion aims to ramp up capacity to meet increasing backend service demand for SoC, MEMS and CMOS chips as well as for KYEC's internally-developed IC testing equipment, according to a Chinese-language Economic Daily News (EDN) report.

KYEC has seen its order visibility extend to September, the paper said, adding that the company's revenues are likely to grow by high single-digit rates in the second and third quarters