stats chippac ltd (SCIPF:OTC US)
stats chippac ltd (SCIPF) Snapshot
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52 Week High
01/7/13 - $0.32
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52 Week Low
07/10/12 - $0.30
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EX-Date
10/18/10
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STATS ChipPAC Ltd., together with its subsidiaries, provides semiconductor packaging design, bump, probe, assembly, test, and distribution services. It offers various semiconductor packaging services, such as standard plastic, small and thin packages, flip chip bonding, system-in-packaging, advanced stacked die, and multi-chip and multi-package assembly services. The company’s packaging services support various package technologies, including wafer level products; flip chip packages; copper wirebond packages; ball grid array and fine pitch ball grid array packages; quad flat no-lead and bump chip carrier packages; quad flat pack and thin small outline packages; system-in-package; 3d packages; and memory cards. It also provides a suite of solutions and test platforms comprising test facilities, test platforms, wafer sort, test development services, RF test, mixed signal test, memory test, high-end digital test, strip test, final test, and post test solutions, as well as integrated test management system. In addition, the company offers turnkey test and packaging capabilities for wafer bumping related processes, including wafer bumping and redistribution services, full turnkey services for advanced flip chip applications, and turnkey services for wafer level chip scale packages. The company markets its services through direct sales force in the United States, South Korea, Japan, China, Singapore, Malaysia, Taiwan, and Switzerland. STATS ChipPAC Ltd. was founded in 1994 and is headquartered in Singapore.
stats chippac ltd (SCIPF) Key Developments
STATS ChipPAC Ltd. announced the cessation of Charles Richard Wofford as non-executive chairman and independent director. The date of change is April 24, 2013. Charles Richard Wofford is Chairman of the Board, Chairman of Nominating and Corporate Governance Committee, Chairman of Executive Resource and Compensation Committee and Chairman of Executive Committee. The reason for the cessation is Mr. Wofford has decided to retire after 15 years on the board.
STATS ChipPAC Ltd. announced changes to the composition of the various Board Committees. The new composition of the Executive Committees will consists of James A. Norling (Chairman); Rohit Sipahimalani and Teng Cheong Kwee. Nominating and Corporate Governance Committee consists of James A. Norling (Chairman); Peter Seah Lim Huat and Teng Cheong Kwee. Executive Resource and Compensation Committee consists of Peter Seah Lim Huat (Chairman); R. Douglas Norby and Gary W. Tanner. There were no changes made to the composition of the Audit Committee.
STATS ChipPAC Ltd. announced the appointment of Mr. James A. Norling to succeed Mr. Charles R. Wofford as Chairman of the Board of Directors with immediate effect. He was appointed to the Board of Directors at the company's annual general meeting held on 24 April 2013. Mr. Wofford will retire from over 15 years of service on company's Board of Directors, including 11 years as chairman of the board. Mr. Norling is presently the Executive Chairman of GLOBALFOUNDRIES Inc. and a Director of Harley-Davidson Inc.
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Industry Analysis
SCIPF
Industry Average
| Valuation | SCIPF | Industry Range |
| Price/Earnings | 42.2x |
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| Price/Sales | 0.4x |
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| Price/Book | 0.8x |
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| Price/Cash Flow | 42.2x |
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| TEV/Sales | NM | Not Meaningful |
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