Resulting in Earnings per Share of NT$ (0.33) or Earnings per ADS of US$ (0.05) for Fourth Quarter 2008

TAICHUNG, Taiwan, Feb. 11 /PRNewswire-Asia-FirstCall/ -- Siliconware Precision Industries Co., Ltd. ('SPIL' or the 'Company') (Taiwan Stock Exchange: 2325; Nasdaq: SPIL) today announced that its sales revenues for the fourth quarter of 2008 were NT$ 12,449 million, which represented a 27.8% decrease in revenues compared to the third quarter of 2008 and a 29.8% decline in revenues compared to the fourth quarter of 2007. SPIL reported a net loss of NT$ 1,034 million for the fourth quarter of 2008, compared with a net income of NT$ 3,186 million and a net income of NT$ 4,770 million for the third quarter of 2008 and the fourth quarter of 2007, respectively.

Diluted earnings per ordinary share for this quarter was NT$ (0.33), and diluted earnings per ADS was US$ (0.05).

SPIL announced that its sales revenues for the full year of 2008 were NT$ 60,474 million, which represented a 6.4% decrease in revenues compared to the full year of 2007. SPIL reported a net income of NT$ 6,314 million for the year of 2008, compared with a net income of NT$ 17,489 million for the year of 2007.

Diluted earnings per ordinary share for the year of 2008 was NT$ 2.01, and diluted earnings per ADS was US$ 0.32.

    Operating results review:
    -- For the fourth quarter of 2008, net revenues from IC packaging were NT$
       11,450 million and represented 92% of total net revenues. Net revenues
       from testing operations were NT$ 999 million and represented 8% of
       total net revenues.
    -- Cost of goods sold was NT$ 10,049 million, representing a decrease of
       23.9% compared to the third quarter of 2008 and a decrease of 20.8%
       compared to the fourth quarter of 2007.
       -- Raw materials costs were NT$ 5,294 million for the fourth quarter of
          2008, and represented 42.5% of total net revenues, whereas raw
          materials costs were NT$ 7,403 million and represented 42.9% of
          total net revenues for the third quarter of 2008.
       -- NT$ 76 million accrued expenses of bonuses to employees were
          reversed back due to net loss in the fourth quarter of 2008.
    -- Gross profit was NT$ 2,400 million for the fourth quarter of 2008,
       representing a gross margin of 19.3%, which decreased from a gross
       margin of 23.4% for the third quarter of 2008 and decreased from 28.5%
       for the fourth quarter of 2007.
    -- Total operating expenses for the fourth quarter of 2008 were NT$ 1,175
       million, which included selling expenses of NT$ 514 million,
       administrative expenses of NT$ 320 million and R&D expenses of NT$ 341
       million. Total operating expenses represented 9.4% of total net
       revenues for the fourth quarter of 2008.
       -- NT$ 32 million accrued expenses of bonuses to employees, directors
          and supervisors were reversed back due to net loss in the fourth
          quarter of 2008.
    -- Operating income was NT$ 1,225 million for the fourth quarter of 2008,
       representing an operating margin of 9.8% for the fourth quarter of
       2008, which decreased from 18.0% for the third quarter of 2008 and
       decreased from 23.9% for the fourth quarter of 2007.
    -- Non-operating items:
       -- Net interest income was NT$ 37 million for the fourth quarter of
          2008.
       -- Our net currency exchange loss of NT$ 17 million for the fourth
          quarter of 2008 was partially due to appreciation of our Japanese
          Yen denominated liability as a result of an appreciation in the
          foreign currency exchange rate of the Japanese Yen against NT
          dollar, our reporting currency.
       -- Our net loss on long-term investment of NT$ 383 million for the
          fourth quarter of 2008 was primarily due to investment loss of NT$
          390 million and investment income of NT$ 7 million from Siliconware
          Investment Company and SPIL BVI, respectively.
       -- Our impairment loss on long-term investments of NT$ 2,598 million
          for the fourth quarter of 2008 was due to investment loss of NT$
          2,144 million and NT$ 454 million from ChipMos Technologies Bermuda
          and Phoenix Precision Technology, respectively.
    -- Net loss before tax was NT$ 1,647 million for the fourth quarter of
       2008, which decreased from a net income of NT$ 3,483 million for the
       third quarter of 2008 and decreased from a net income of NT$ 5,163
       million for the fourth quarter of 2007.
    -- Income tax credit was NT$ 613 million for the fourth quarter of 2008,
       compared with income tax expense of NT$ 297 million for the third
       quarter of 2008 and NT$ 393 million for the fourth quarter of 2007.
    -- Net loss was NT$ 1,034 million for the fourth quarter of 2008, which
       decreased from a net income of NT$ 3,186 million for the third quarter
       of 2008 and decreased from a net income of NT$ 4,770 million for the
       fourth quarter of 2007.
    -- Total number of shares outstanding was 3,138 million shares as of Dec
       31,2008. Diluted earnings per ordinary share for this quarter was NT$
        (0.33), or US$ (0.05) per ADS.
    Capital expenditure and balance sheet highlight:
    -- Our cash balances totaled NT$ 17,866 million as of Dec 31, 2008 from
       NT$ 13,075 million as of Sept 30, 2008, and NT$ 21,129 million as of
       Dec 31, 2007.
    -- As of Dec 31, 2008 our long-term bank loans totaled NT$ 2,248 million,
       compared with total long-term bank loans of NT$ 2,982 million as of
       Sept 30, 2008.
    -- Capital expenditures for the fourth quarter of 2008 totaled NT$ 1,100
       million, which included NT$ 960 million for packaging equipment and NT$
       140 million for testing equipment.
    -- Total depreciation expenses for the fourth quarter of 2008 totaled NT$
       2,171 million, which included NT$ 1,347 million was from packaging
       operations and NT$ 824 million from testing operations.
    IC packaging service:
    -- Net revenues from IC packaging operations were NT$ 11,450 million for
       the fourth quarter of 2008, which represented a decrease of NT$ 4,277
       million or 27.2% compared to the third quarter of 2008.
    -- Substrate-based packaging, leadframe-based packaging and wafer bumping
       & FCBGA accounted for 52%, 23% and 15%, respectively, of total net
       revenues for the fourth quarter of 2008.
    -- Capital expenditures for IC packaging operations totaled NT$ 960
       million for the fourth quarter of 2008, which included NT$ 794 million
       for packaging and building construction and NT$ 166 million for wafer
       bumping operations.
    -- As of Dec 31, 2008 we had 4,656 wirebonders installed, of which 10 were
       added in the fourth quarter of 2008.
    IC testing service:
    -- Net revenues from testing operations were NT$ 999 million for the
       fourth quarter of 2008, which represented a decrease of NT$ 516 million
       or 34.1% compared to the third quarter of 2008.
    -- Capital expenditures for testing operations totaled NT$ 140 million for
       the fourth quarter of 2008.
    -- As of Dec 31, 2008 we had 374 testers installed, of which 1 tester
       was added and 2 testers were disposed in the fourth quarter of 2008.
    Revenue Analysis

    Breakdown by end applications:
    By application                    4Q08          3Q08          2Q08
    Computing                          31%           33%           32%
    Communication                      29%           27%           27%
    Consumer                           24%           24%           22%
    Memory                             16%           16%           19%

    Breakdown by packaging type:
    By packaging type                  4Q08          3Q08          2Q08
    Bumping & FCBGA                     15%           15%           13%
    Substrate Based                     52%           44%           46%
    Leadframe Based                     23%           30%           30%
    Testing                              8%            9%            9%
    Others                               2%            2%            2%

About SPIL

Siliconware Precision Industries Ltd. ('SPIL')(Nasdaq: SPIL; Taiwan Stock Exchange: 2325) is a leading provider of comprehensive semiconductor assembly and test services. SPIL is dedicated to meeting all of its customers' integrated circuit packaging and testing requirements, with turnkey solutions that range from design consultations, modeling and simulations, wafer bumping, wafer probe and sort, package assembly, final test, burn-in, to drop ship. Products include advanced leadframe and substrate packages, which are widely used in personal computers, communications, Internet appliances, cellular phones, digital cameras, cable modems, personal digital assistants and LCD monitors.