Nanya Technology Q2 profit plunges

IN-DIGESTION: Major DRAM chipmakers inventories, as well as the US-China and Japan-South Korea frictions will be key factors influencing chip prices in the coming months

Taipei Times
Date: Jul 11, 2019
By: Lisa Wang  /  Staff reporter

DRAM chipmaker Nanya Technology Corp (南亞科技) yesterday said net profit last quarter plunged 75.7 percent annually as flagging demand and excess inventories drove down chip prices.

Net profit dipped to NT$2.75 billion (US$88.25 million) during the quarter that ended on June 30, compared with NT$11.31 billion in the same period last year, while on a quarterly basis, net profit shrank 23.3 percent from NT$3.59 billion.

Chip prices fell at a quarterly rate of 15 percent, while shipments jumped 30 percent, Nanya said.

It said it expects prices to continue to fall this quarter, albeit at a slower pace, as a seasonal rebound in end-market demand for computers, mobile phones, consumer electronics and servers would help underpin DRAM shipments.    [FULL  STORY]

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