Semicon firm PSPC books $10.15M H1 profit, up 10.6% y-o-y

Phoenix Semiconductor Philippines Corp. (PSPC), the local semiconductor arm of South Korean firm Semiconductor and Telecommunications Co. Ltd. (STS), achieved a $10.15 million net income in the first six months of the year, 11 percent higher than the $9.17 million a year ago.

Gross revenues likewise rose by 8 percent to $118.25 million from $109.85 million due to the 7 percent growth in sales of dynamic random access memory (DRAM) modules for servers and personal computers (PC), as well as the 13 percent increase in sales of memory chips used in smart phones, tablets, laptops and other same devices.