YoungTek Electronics, which provides backend services for LED and IC testing and sorting, is expected to post an up to 10% sequential decrease in fourth-quarter revenues due to a seasonal slowdown in demand, according to market watchers.
YoungTek's production utilization rate will drop in the fourth quarter due to Inventory adjustments at its consumer IC and LED clients, said the watchers. The backend provider is set to report sequential decreases in revenues and profits for the fourth quarter.
In addition, YoungTek stands a chance of obtaining new orders from international consumer IC vendors in 2015, the watchers indicated. YoungTek's clients are mainly Taiwan-based suppliers of microcontrollers, touchscreen ICs and LCD driver ICs.
YoungTek is also in talks with potential clients in China's LED industry, and is expected to gain new orders for 2015, the watchers revealed.
YoungTek has announced net profits of NT$561 million (US$18.1 million) on consolidated revenues of NT$3.1 billion (US$99.9 million) for the first three quarters of 2014. Net EPS for the nine-month period came to NT$4.71.
