IC testing company Sigurd Microelectronics' revenues for 2017 are expected to increase 10% on year to set a new record high, according to market watchers.
The forecast was given after Sigurd reported January consolidated revenues increased 30.3% from a year earlier to NT$507 million (US$16.4 million). Revenues for the first quarter of 2017 are set to outperform the year-ago levels, thanks to revenues generated from Test-Serv (TSI) it acquired in early 2016.
Sigurd saw its 2016 revenues climb 14.7% on year to a record high of NT$5.8 billion (US$180 million). Sigurd, which specializes in testing services for logic ICs and radio-frequency chips, has stepped into the analog chip and power management IC fields after completing its acquisition of fellow testing company TSI in February 2016.
With its TSI takeover, Sigurd has reportedly cut into the supply chain of MediaTek's unit Richtek Technology which was formerly TSI's largest client.
In addition, stable orders for handset- and networking-related chips will buoy further Sigurd's sales performance during the first quarter of 2017, the watchers indicated.
In other news, Sigurd's board of directors has approved plans to budget NT$1.61 billion in capex for 2017 to mainly replace equipment and expand production capacity.