As part of its scheduled mid-quarter update, Singapore-based dedicated semiconductor foundry Chartered Semiconductor Manufacturing raised its Q4 guidance, which it originally provided on October 21.

"Revenues at the Chartered level and revenues including our share of Silicon Manufacturing Partners (SMP or Fab 5) are now expected to be above the high end of our prior guidance primarily due to favorable product mix," said George Thomas, senior VP and CFO of Chartered, in a statement.

"Compared to the mid-point of previous guidance, revenues at the Chartered level are now expected to be up approximately $8 million. Revenues including our share of SMP are now expected to be higher by approximately $10 million compared to the mid-point of our previous guidance and therefore reach the $400 million level in the fourth quarter," he continued.

"Consistent with higher revenues, our Q4 net profit is now expected to be approximately $6 million higher than the mid-point of the range previously guided. Our guidance for utilization remains unchanged," Thomas added.
Chartered said it would release Q4 results on January 27, 2006.