‘IMPORTANT QUARTERS’: Winbond president Chan Tung-yi said that the firm would closely monitor how inventory adjustments and the domestic market in China pan out
Taipei Times
Date: Oct 30, 2018
By: Crystal Hsu / Staff reporter
Memorychip maker Winbond Electronics Corp (華邦電) yesterday expressed caution over its business outlook as demand from China remains soft and uncertainties over the global economy deepen.
The Hsinchu-based company offered the conservative guidance after posting record quarterly net profit for last quarter on the back of non-core operation profits.
Customers are adjusting inventories due to an aberration in seasonality, with relatively strong demand in the second quarter, but disappointing in the third quarter, Winbond president Chan Tung-yi (詹東義) told an investors’ conference.
“We will closely watch how inventory adjustments, China’s domestic market and order placements by major customers pan out,” Chan said, calling the next two to three quarters a critical juncture. [FULL STORY]