India’s first & only IC Assembly & Test Company, SPEL Semiconductor Limited, has exceeded expectations yet again on a year on year comparison”. Announcing its unaudited results for Q2 FY 08-09, SPEL reported sales of Rs 2347.84 lacs(28% growth compared to same period last year)

SPEL is confident of consolidating its position, by implementing cost reduction programs and various other production efficient measures.

Proposed new investment helps in getting additional revenue during downturn from new Customers, The one year moratorium on the new investment will help SPEL to increase revenues without any major additional outflow.

Though US meltdown will have Global ramifications, it’s impact on the Semiconductor industry is expected to be of lesser extent than previous downturns - ICs are used globally in consumer electronic applications (such as Cell Phones, PDAs & Digital Cameras), Desktop PCs, Notebook Computers & Automobiles which is mainly APAC & India driven market.

SPEL is committed to firmly establishing itself as the Natural Destination for global Customers seeking cost effective Assembly & Test services. The sustained performance will drive SPEL to further excel due to the strong demand experienced by its existing Customers, thereby making the outlook bright.