GROWTH ENGINE: Cryptocurrency mining and industrial automation are expected to drive demand for specialty DRAM, which contributed 40 percent of total revenue
Date: Feb 03, 2018
By: Lauly Li / Staff reporter
Winbond Electronics Corp (華邦電), the world’s No. 3 NOR flash memory chip supplier,
yesterday reported that its annual earnings for last year were its highest ever and gave an optimistic outlook for this year on the back of continued robust demand for NOR flash and DRAM products.
Net profit last year ballooned 85.35 percent to a new record of NT$5.82 billion (US$199.1 million), compared with NT$3.14 billion in 2016, company data showed.
Earnings per share were NT$1.54, compared with NT$0.81 in 2016 and the highest in 17 years, the Hsinchu-based company said.
Consolidated revenue last year totaled NT$47.59 billion, up 13.07 percent year-on-year, company data showed.
Winbond attributed the strong results to significant growth in its flash memory products, which exceeded the momentum of its specialty and mobile DRAM. [FULL STORY]