Bloomberg.com, 30 Jan 2009, Andrea Tan
Jan. 30 (Bloomberg) -- Chartered Semiconductor Manufacturing Ltd., the world’s third-largest maker of customized chips, forecast a record quarterly loss and will cut more jobs to weather the deepening global recession.
The net loss in the first quarter will probably be $141 million to $153 million, Singapore-based Chartered said today after reporting its largest deficit since the first quarter of 2002. Sales may slump as much as 40 percent to as low as $232 million, it said.
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Related News:
Chartered Semiconductor Posts Loss, Plans to Shed Jobs - The Wall Street Journal, 29 Jan 09
Chartered Semi To Cut Another 600 Jobs; Slashes Cap Ex - Barron's, 29 Jan 09
Chartered Semicon to cut 500 jobs in Singapore - The Star Online, 30 Jan 09
After Q4 loss, Chartered to cut 600 jobs - AFP
