January 27, 2006 – Singapore foundry Chartered Semiconductor Manufacturing Ltd. posted a profit of $26.5 million on sales of $367.2 million, vs. a loss of $26.8 million on sales of $190.6 million a year ago. For the full year, Chartered posted a loss of $159.6 million, vs. a profit of $6.6 million in 2004, on 11% higher sales of $1.03 billion.
For 1Q06 Chartered projects revenues to be down slightly to $352-$360 million, with profits down to $10-$20 million, both of which are ahead of Wall Street expectations.
Capital expenditures are budgeted at $650 million, vs. $628 million in 2005, primarily targeted for 0.13-micron and below capacity, and depending on cash flow.