VAGUE OUTLOOK: Nanya Technology is banking on a pickup in the third quarter, hoping that seasonal demand and improving supplies will boost consumption

Taipei Times
Date: Jan 16, 2019
By: Lisa Wang  /  Staff reporter

DRAM chipmaker Nanya Technology Corp (南亞科技) yesterday said it plans to halve capital spending for this year as the industry faces an overcapacity-driven downturn.

Demand took a nosedive last quarter amid growing downside risks from the global economy and the US-China trade dispute, the chipmaker said.

The negative sentiment stalled demand for mobile phones, PCs and servers, it said.

As a result, Nanya Technology saw net profits plunge 38.2 percent in the fourth quarter to NT$7.95 billion (US$257.95 million), compared with NT$12.87 billion in the third quarter of last year.    [FULL  STORY]