Technology

Profits sliced at chip-maker

PUBLISHED : Tuesday, 02 March, 1999, 12:00am
UPDATED : Tuesday, 02 March, 1999, 12:00am

Semi-conductor maker ASM Pacific Technology saw attributable profit slump 44.2 per cent to $112.98 million for the year to December 31 as a result of a global slowdown. It said expectations of double-digit growth in the industry did not occur last year, but shrank by 10.9 per cent.