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Components | March 19, 2012

STATS ChipPAC adjusts 1Q revenue outlook

STATS ChipPAC Ltd. provided an update on its outlook for the first quarter 2012.
In its first quarter 2012 outlook published in the Company's fourth quarter and full year 2011 results release dated 1 February 2012, the Company had expected net revenues to be mid single digit decrease from prior quarter, with adjusted EBITDA in the range of 20% to 24% of revenue, and had expected capital expenditure in the first quarter of 2012 to be approximately $95 million to $105 million.

STATS ChipPAC now expects that its net revenues in the first quarter 2012 to be 9% to 11% decrease from prior quarter due to weaker than expected demand. STATS ChipPAC expects adjusted EBITDA in the range of 20% to 24% of revenue and capital expenditure to be approximately $95 million to $105 million in the first quarter of 2012, in line with previous outlook.

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