Adata’s Q3 net profit spikes to NT$423m

PRICE REBOUND: The company reported NT$423 million, compared with NT$110 million in the second quarter and NT$37 million in the third quarter of last year

Taipei Times
Date: Nov 12, 2019
By: Lisa Wang  /  Staff reporter

Adata Technology Co (威剛科技) yesterday reported a spike in net profit last quarter, as the potential easing of the US-China trade dispute helped drive a rebound in prices and demand.

That indicated that the world’s memory industry has ridden out a down-cycle and is on course for a recovery, as reflected in improving demand from the major data center operators and increased memory space in new smartphones, the world’s second-largest memory module supplier said in a statement.

Memorychip prices are expected to rise next year on the back of increasing demand from 5G, artificial intelligence, automotive electronics and other emerging applications, it said.

“The global memory industry is to regain growth in 2020, attributable to significant increases in data processing and transmission,” Adata said.   [FULL  STORY]

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