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.