Asat sees steady growth on robust semiconductor demand

Asat, the world's fifth-largest semiconductor packaging and testing company, sees steady growth ahead as demand for semiconductors booms, driven by rapid growth in the communications industry. Hong Kong-based Asat, which raised $240 million in an initial public offering on Nasdaq in July, expects its revenue to grow at a rate of 35% to 40% a year amid growing demand for computer chips tailored to the needs of companies that make products such as routers and cable modems for broadband …