BE Semiconductor to Expand Operations in US and Taiwan to Meet Rising Chip Demand
BESI also expects its second-quarter revenue to rise between 30 per cent and 40 per cent from the previous quarter
With a rise in investment from top clients in light of the ongoing chip crisis, Dutch chipmaking equipment supplier BE Semiconductor (BESI) is planning to boost its operations in the United States and Taiwan to meet demand.
BESI also expects its second-quarter revenue to rise between 30 per cent and 40 per cent from the previous quarter, a Reuters report states.
“At present, our strategic priorities focus primarily on ramping production to meet customer delivery dates,” Chief Executive Richard Blickman said in a statement.
Demand for semiconductor chips have been rising consistently over the past couple of months as chip constraints continue to halt productions for automakers, and now, electronics companies, while demand for products continues to increase following the pandemic. Various chip suppliers, like TSMC and Intel, have been ramping up production to meet these demands
BESI reported first-quarter revenue at 143.2 million euros ($173.50 million), up 30.5 per cent from the fourth quarter, but at the lower end of the company’s guidance amid supply chain constraints.
The group added that the revenue increase was mainly driven by 5G products and a recovery in sales for the automotive sector.