Nanya Technology sales dip to 19-month low in January

Focus Taiwan
Date: 2019/02/11
By: Chang Chien-chung and Frances Huang 

Taipei, Feb. 11 (CNA) Nanya Technology Corp., the dynamic random access memory (DRAM) chip production arm of Formosa Plastics Group, said Monday that sales in January fell to a 19-month low, a reflection of falling product prices.

In a statement, Nanya Technology said its consolidated sales for January fell 11.82 percent from a month earlier to NT$4.26 billion (US$138 million), the lowest since June 2017, when revenue stood at NT$4.19 billion.

The January figure was also down 30.73 percent from a year earlier, data compiled by Nanya Technology showed.

The DRAM maker said while shipments rose 4-6 percent from a month earlier in January, product prices fell 14-16 percent month-on-month, pushing down the sales value.

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