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SiS sees 2008 losses expand; to reduce capital

, Taipei
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Taiwan's Silicon Integrated System (SiS) has announced net losses of NT$6.29 billion (US$183.76 million) or NT$4.49 per share for 2008. The chipset maker plans to reduce its capital by 45.15% to NT$7.69 billion in an attempt to cover the loss.

For 2009, the company will focus on entry-level PC chipsets, digital TV chips and solid state drive (SSD) controller chips, while the PC chipset business will still be its major revenue contributor.

Article translated by Joseph Tsai