Nanya’s Q2 profit surges 66.5%

MOMENTUM: Global lockdowns combined with a seasonal uptick in demand for TVs, smartphones and game consoles would see Q3 DRAM shipments at least remain flat

Taipei Times
Date: Jul 11, 2020
By: Lisa Wang / Staff reporter

A man walks past Nanya Technology Corp headquarters in New Taipei City’s Taishan District yesterday.
Photo: Lisa Wang, Taipei Times

Chipmaker Nanya Technology Corp (南亞科技) yesterday said that its net profit surged to the highest level in five quarters last quarter, as work-from-home and remote learning helped buoy demand for DRAM chips used in PCs and servers.

Amid the COVID-19 pandemic, the company’s growth momentum is expected to extend into this quarter, it said.

Combined with a seasonal uptick in demand for smartphones, TVs and game consoles, DRAM prices and shipments are forecast to at least remain flat this quarter, compared with last quarter, it added.

“We have seen demand for smartphones and certain consumer electronics show clear seasonal effects in the third quarter,” Nanya Technology president Lee Pei-ing (李培瑛) told a media briefing in New Taipei City.    [FULL  STORY]

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