LOOKING TO BENEFIT: Company president Chan Tung-yi said that the trade dispute between South Korea and Japan would provide Winbond with new opportunities

Taipei Times
Date: Jul 27, 2019
By: Natasha Li  /  Staff reporter

Memorychip maker Winbond Electronics Corp (華邦電) yesterday was optimistic about the company’s growth in the coming months, after posting net profits of NT$462 million (US$14.86 million) last quarter, an 11.33 percent increase from NT$415 million in the first quarter.

However, gross margin decreased to 26 percent from 32 percent in the first quarter, the chipmaker said.

“We have cut production to sync with demand and avoid large inventories,” Winbond president Chan Tung-yi (詹東益) told an investors’ conference in Taipei.

Prices dropped due to volatility caused by trade tensions between the US and China, Chan said.
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