STEADY GROWTH: Lee Pei-ing said he expects DRAM chip prices to rise this quarter, while demand is expected to grow by between 20 percent and 25 percent this year
Taipei Times
Date: Jan 17, 2018
By: Lisa Wang / Staff reporter
DRAM chipmaker Nanya Technology Corp (南亞科技) yesterday posted record-high net profit for last quarter, attributable to prolonged price hikes and a massive gain on disposal of Micron Technology Inc shares.
In the quarter that ended on Dec. 31 last year, net profit skyrocketed 157 percent to NT$21.98 billion (US$743.7 million), compared with NT$8.55 billion in the same period a year earlier.
The company last quarter booked a NT$16.12 billion nonoperating gain from selling its shares of Micron.
The record-high quarterly figure helped lift the memory chipmaker’s bottom line last year to the highest in its history. For last year as a whole, net profit jumped about 70 percent to NT$40.29 billion, compared with NT$23.72 billion in 2016. [FULL STORY]