Nanya Technology Corp (
The loss was NT$1.66 billion (US$51 million), or NT$0.35 per share, in the third quarter, compared with a profit of NT$5.17 billion, or earnings per share of NT$1.35, a year earlier, Taoyuan-based Nanya said today.
The result missed analyst estimates. Sales dropped 34 percent to NT$13.4 billion.
Lower prices for the main memory used in personal computers led to a loss at Nanya and smaller chip earnings at leading rival Samsung Electronics Co after PC makers didn't order as much as producers expected. Prices of benchmark dynamic random access memory (DRAM) chip tumbled 36 percent in the third quarter from the second, according to Dramexchange.com (集邦科技), Asia's biggest spot market for semiconductors.
"We didn't see any demand during the traditionally strong back-to-school season this third quarter," vice president Pai Pei-lin (白培霖) said at a briefing in Taoyuan.
DRAM prices are still "under pressure" this quarter and may recover in the middle of next year, Pai said.
Samsung, the world's largest memory chipmaker, said on Oct. 12 that third-quarter global PC shipments increased 10 percent from three months earlier, less than the 13 percent it estimated.
Nanya shares fell 3.9 percent to NT$21.25 at the close on the Taiwan Stock Exchange, before earnings were released. The TAIEX index dropped 2.6 percent.
The average estimate of nine analysts compiled by Bloomberg was for a profit of NT$130 million at Nanya. The company trails Hsinchu-based Powerchip Semiconductor Corp (
Nanya said it would maintain planned spending of NT$60 billion this year and trim the amount to NT$30 billion next year.
Its operating loss margin, or the percentage of sales left after taking away the cost of goods sold and administrative expenses, was 16 percent. A year earlier, the company had a profit margin of 20 percent.
Inotera Memories Inc (華亞科技), the memory-chip venture of Nanya and Qimonda AG, posted a 90 percent drop in third-quarter net income to NT$443 million. Profit missed the NT$548 million average of 12 estimates compiled by Bloomberg.
Inotera did not expect DRAM prices to recover until the first quarter of next year, president Charles Kau (
Inotera would cut its planned spending by 12 percent to NT$45 billion this year and reduce it again to NT$30 billion next year, Kau said.
The company plans to raise between NT$9 billion and NT$10 billion in order to upgrade its factories by selling 300 million new shares in the fourth quarter, he said.
Cairo’s new monorail slices across the city skyline, running above the familiar chaos of blaring horns and aging buses’ exhaust fumes that mark rush hour below. The US$4.5 billion monorail, opened this month, is among Egypt’s most prominent new transport projects, part of a debt-funded infrastructure drive criticized for sapping state finances while bringing limited benefits to most of the country’s 109 million people. “It feels like you’re in a different country,” said Ramy Sayed, a restaurant manager, aboard a driverless Innovia 300 train. “No noise, no traffic, we’re not used to this.” The eastern line runs 56km from the bustling middle-class
Starlux Airlines Co (星宇航空) today unveiled a long-haul network expansion plan at a shareholders’ meeting in Taipei, including direct flights to Barcelona, Spain, and Zurich, Switzerland, as well as a service connecting Taipei, Sydney and New Zealand. Starlux is to become the first Taiwanese carrier to offer non-stop services to the two European cities, while the inaugural oceanic route is expected to expand transit opportunities within the Australia-New Zealand market, Starlux said. Flight services to Chicago, Dallas, Washington and New York are under evaluation, the airline added. Prior to the shareholders’ meeting, the airline earlier this year announced that it would be
Netherlands-based semiconductor equipment supplier ASML Holding NV yesterday said that it is planning to hire an additional 1,000 people in Taiwan this year in response to growing demand from clients. ASML had previously planned to recruit 600 people this year, but that the plan has been adjusted upward, ASML vice president and ASML Taiwan general manager Grace Wang (汪佳慧) told reporters. ASML has a workforce of more than 4,500 in Taiwan, accounting for about 10 percent of its global total, Wang said. This year’s recruitment campaign would focus on adding people in the customer support, manufacturing and supply chain domains to assist ASML
Nvidia Corp yesterday announced that CEO Jensen Huang (黃仁勳) would attend an employee meeting in Taipei tomorrow to celebrate the launch of the company’s Taiwan headquarters project. Huang would attend a gathering at the site of Nvidia’s planned headquarters in Beitou Shilin Technology Park (北投士林科技園區), the company said in a statement. After arriving in Taiwan on Saturday last week, Huang told reporters that he plans to meet with Quanta Computer Inc (廣達) chairman Barry Lam (林百里) and Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) chairman C.C. Wei (魏哲家), and would attend the groundbreaking ceremony for Nvidia’s Taiwan headquarters tomorrow. Nvidia has not yet applied
RSS