The China Post
Date: January 26, 2017
By: Christine Chou
Leading dynamic random access memory (DRAM) chipmaker Nanya Technology’s (南亞科) net profit increased more than NT$20 billion in the last quarter, reporting an earnings per share (EPS) of NT$7.33.
Nanya, the DRAM manufacturing arm of the Formosa Plastics Group (台塑集團), announced its 2016 fourth quarter earnings report at a shareholders meeting on Wednesday.
As expected by market watchers, the Taoyuan-based company enjoyed another quarter of substantial profit growth thanks to higher operating income and recognized gains from an asset disposal.
Nanya received pre-tax revenue of nearly NT$20 billion after selling its holdings in Inotera Memories (華亞科) to U.S.-based chipmaker Micron, allowing the U.S. firm to acquire a 67 percent stake in Inotera. In turn, Nanya acquired 57.7 million of Micron’s shares for NT$31.46 billion. [FULL STORY]