BE Semiconductor to boost operations in US and Taiwan

Chipmaking equipment supplier BE Semiconductor is planning to boost its operations in the United States and Taiwan.
China semiconductor industry
The Dutch-based maker of semiconductor assembly and packaging equipment is expecting second-quarter revenue to rise between 30 percent and 40 percent from the previous quarter.

“At present, our strategic priorities focus primarily on ramping production to meet customer delivery dates,” Chief Executive Richard Blickman said in a statement.

Suppliers to the semiconductor industry have been benefiting from soaring demand from major chip manufacturers, such as TSMC and Intel, which are expanding production to ease global semiconductor shortage caused by the coronavirus pandemic.

BESI reported first-quarter revenue at 143.2 million euros ($173.50 million), up 30.5 percent from the fourth quarter, despite supply chain constraints.

The group added that the revenue increase was mainly driven by 5G products and a recovery in sales for automotive sector.