Fri, Jul 17, 2009 - Page 12 News List

Inotera losses narrow as chip prices make recovery


Inotera Memories Inc (華亞科技), a Taiwan-US computer memory venture, yesterday posted narrowed losses for the second quarter as chip prices rebounded.

Losses improved to NT$4.11 billion (US$125 million) in the quarter ending June 30, after deducting the first-quarter losses of NT$5.32 billion from the first-half losses of NT$9.43 billion, Inotera said in a stock exchange filing.

The first-half losses were still higher than the NT$7.45 billion in losses Inotera booked a year earlier.

Inotera is a venture between Nanya Technology Corp (南亞科技) and Micron Technology Inc.

The spot price for benchmark memory chips rose 0.76 percent to U$1.06 per unit as of 6pm yesterday, DRAMeXchange Technology Inc (集邦科技) said.

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