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ios developer account:Car chip shortage clouds KESM outlook after strong Q2

admin2021-03-10109

KUALA LUMPUR: KESM Industries Bhd, an independent semiconductor burn-in and test service provider, posted higher profits in the second quarter, but warned that the shortage of automative chips in the global market posed a challenge for the company. KESM registered a net profit of RM6.3mil in the three-month ended Jan 31, up from RM1.86mil made a year ago. Revenue was little changed at RM68mil. "The current chips shortages have hit the automotive semiconductor market sector. This is challenging for our customers and ourselves, having to balance the volatility in production volumes.” KESM's chairman and CEO Sam Lim said in a statement today. "But we are confident that these disruptions in the supply-chain faced by our customers are short-term. We continue to relentlessly support our customers with faster return of the burn-in and tested automotive chips.” he added.
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