Resurgent Chartered to produce CPUs for Xbox 360

Chartered Friday reported that its revenue nearly doubled during the first quarter and said it will make processors for the Xbox 360 next year.

Singapore's Chartered Semiconductor Manufacturing has reported that its revenue nearly doubled during the first quarter and announced a deal to produce microprocessors for Microsoft's Xbox 360 game console next year.

The contract chipmaker's first-quarter revenue was $US355.2 million, up 96 per cent from the same period last year. At the same time, the company swung back into the black, reporting net income of $US25.3 million during the first quarter, compared to a loss of $US84.5 million last year.

Chartered's results were boosted by strong demand for its more advanced manufacturing technology.

"For the first time in our history, revenues from 0.13 micron and more advanced technologies contributed about 50 per cent of our total base business revenues," Chartered's senior vice-president and CFO, George Thomas, said in a statement.

The chipmaker's 90-nanometre (nm) production process, its most advanced technology, accounted for 25 per cent of revenue during the quarter, it said. In terms of capacity, Chartered's utilisation rate was 82 per cent during the first quarter, up from 59 per cent one year ago, due to higher demand for chips used in consumer electronics and communications applications, as well as a more modest increase in computer chips.

Looking ahead, Chartered expects to see its revenue increase slightly during the second quarter, to about $US363 million. The company expects to post net income of about $US16 million during the period.

Further out, Chartered announced an agreement to produce microprocessors for Microsoft's Xbox 360. Those chips, which will enter production during the first quarter of next year, will be manufactured using a 65nm production process, Chartered says.

Chartered also has an agreement to produce microprocessors for AMD. The first chips to be produced under that agreement are on track to come during the second half of this year and will be produced using a 90nm process, according to a recent statement by AMD.

Join the newsletter!

Error: Please check your email address.
Rocket to Success - Your 10 Tips for Smarter ERP System Selection
Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Sumner Lemon

IDG News Service
Show Comments



Sansai 6-Outlet Power Board + 4-Port USB Charging Station

Learn more >

Victorinox Werks Professional Executive 17 Laptop Case

Learn more >



Back To Business Guide

Click for more ›

Brand Post

Most Popular Reviews

Latest Articles


PCW Evaluation Team

Louise Coady

Brother MFC-L9570CDW Multifunction Printer

The printer was convenient, produced clear and vibrant images and was very easy to use

Edwina Hargreaves

WD My Cloud Home

I would recommend this device for families and small businesses who want one safe place to store all their important digital content and a way to easily share it with friends, family, business partners, or customers.

Walid Mikhael

Brother QL-820NWB Professional Label Printer

It’s easy to set up, it’s compact and quiet when printing and to top if off, the print quality is excellent. This is hands down the best printer I’ve used for printing labels.

Ben Ramsden

Sharp PN-40TC1 Huddle Board

Brainstorming, innovation, problem solving, and negotiation have all become much more productive and valuable if people can easily collaborate in real time with minimal friction.

Sarah Ieroianni

Brother QL-820NWB Professional Label Printer

The print quality also does not disappoint, it’s clear, bold, doesn’t smudge and the text is perfectly sized.

Ratchada Dunn

Sharp PN-40TC1 Huddle Board

The Huddle Board’s built in program; Sharp Touch Viewing software allows us to easily manipulate and edit our documents (jpegs and PDFs) all at the same time on the dashboard.

Featured Content

Product Launch Showcase

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?