Thu, Apr 24, 2008 - Page 12 News List

Powerchip posts fourth quarterly loss

RECOVERY AHEAD?The chipmaker expects losses to further drop this quarter and operations to break even next quarter as prices rebound, but an analyst disagreed

By Lisa Wang  /  STAFF REPORTER

Inotera plans to raise NT$10 billion by issuing corporate bonds rather than new shares as planned originally, company president Charles Kau (高啟全) said. Inotera plans to spend NT$30 billion on new equipment this year.

Powerchip said it had more than NT$20 billion cash and equivalent on hand and did not need to raise funds.

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