UNLOADING:Although mobile phone DRAM uses 33 percent of global output, Nanya is eyeing the server market to fuel growth as the mobile phone market nears saturation

Taipei Times
Date: Oct 18, 2017
By: Lisa Wang  /  Staff reporter

Nanya Technology Corp (南亞科技), the nation’s biggest DRAM supplier, yesterday said valuation losses from its exchangeable corporate bonds (ECB) continued to eat into its bottom line last quarter, offsetting gains made by disposing of Micron Technology Inc shares.

The company booked NT$6.86 billion (US$227 million) in valuation losses for its ECB last quarter, as Nanya stock extended its run up to NT$86.3 on Sept. 30, backed by solid business prospects.

The price is much higher than the convertible price of NT$52.47 per share set in January this year.

“The valuation loss will be much lower in the fourth quarter [of this year], as about 60 percent of the bonds have been converted into shares. Besides, the [share] price has climbed to a relatively high level,” Nanya Technology president Lee Pei-ing (李培瑛) told a media briefing.    [FULL  STORY]