Nanya Technology Corp (南亞科技), the nation’s biggest computer memory chip maker, yesterday reported that sales last month surged as prices rose unexpectedly on the back of recovering demand after last year’s downturn.
The Taoyuan-based chipmaker said last month’s sales more than doubled to NT$5.26 billion (US$166 million), compared with NT$2.22 billion a year ago, it said in a company statement.
On a monthly basis, that represented 27 percent growth.
Shipments rose 17 percent last month from February, it said.
Nanya attributed the growth to resilient demand, which caused a supply constraint, it said.
The company originally thought prices would be flat last month.
Nanya, which supplies DRAM chips to PC makers like Dell Inc, raised prices by 10 percent month-on-month last month, company spokesman Pai Pei-lin (白培霖) said by phone.
“We are in talks with customers now for further price hikes [this month],” Pai said. “Supply is still tight as customers are trying to build up inventory so they can cope with hot seasonal demand in the second half of the year.”
Global shipments of laptop computers are expected to grow more than 21 percent to 204.9 million units this year from 168.8 million units last year, International Data Corp forecast.
In the first three months of the year, Nanya made NT$14.12 billion in revenues, up 129 percent from a year ago.
Separately, Inotera Memories Inc (華亞科技), a DRAM joint venture between Nanya and US memory giant Micron Technology Inc, yesterday reported a 23 percent month-on-month increase in last month’s sales to NT$4.14 billion, marking the best monthly sales since December, during which it made NT$4.67 billion.
That represented growth of 129 percent from the NT$1.81 billion it made a year ago.
Inotera accumulated NT$11.52 billion in revenues in the first quarter, up 81 percent year-on-year but down about 10 percent from NT$12.75 billion in the final quarter of last year.
Shares of Nanya went up 2.43 percent to NT$31.6. The stock price of Inotera rose 0.39 percent to NT$25.8 and Powerchip Semiconductor Corp (力晶半導體) rallied 3.36 percent to close at NT$5.53.
EQUAL SHARE: A row over Micron’s payouts coincides with a global debate about who deserves a cut of the sudden wealth generated by the artificial intelligence boom Micron Technology Inc is to provide its engineers in Taiwan a cash bonus of NT$1 million (US$31,600) plus equity rewards, as the company’s local unions are demanding an additional payout to reflect their contribution to the chipmaker’s blowout profits. The Idaho-based chipmaker said in a statement yesterday that its entry-level, Taiwan-based engineers’ average compensation would reach NT$3.4 million for the past fiscal year after the cash and equities awards. All employees in Taiwan would receive equities as part of the annual merit grants, the company added. Before the announcement, Micron’s unions asked for a one-time cash payout equal to about seven years
UNION DETERMINATION: Rejecting an offer for a one-time payout as an attempt to influence opinion, the union said a strike at the memory chip manufacturer is possible The Micron Taiwan workers’ union yesterday rejected a one-time payout unveiled by US-based Micron Technology Inc last week, saying it wants a long-term mechanism under which employees would share 15 percent of the company’s operating profits. While the union and the company are still in talks over the dispute, the reward package was proposed unilaterally by the employer without reaching an agreement with the union, union head Jerry Lin (林哲瑞) told reporters. Lin said he suspected the company was seeking to influence public opinion with the move. On Friday last week, Micron announced a reward package under which employees in Taiwan would receive
SOME CUSHION: Taiwan’s GDP is forecast to grow more than 11 percent this year, so the economy should be able to absorb the impact of a rate hike, an expert said With domestic inflation topping the 2 percent alert level for a fourth consecutive month last month and several major central banks around the world raising their key interest rates, Taiwan’s central bank is facing growing pressure to raise rates at its quarterly policymaking meeting on Thursday, economists said. At its June meeting, the central bank left interest rates unchanged for the ninth consecutive quarter, with the discount rate at 2 percent. Central Bank Governor Yang Chin-long (楊金龍) had said that the bank maintained a somewhat hawkish stance, with two board directors voicing support for a rate hike at the meeting. Cathay United
BUILDER’s RITES: The topping out ceremony is held when a project being built has its highest point laid out, a sure sign that TSMC’s European project is making solid progress A “topping out” ceremony was held on Monday at a plant under construction in Germany by Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), indicating that the fab is progressing as planned and within budget, the head of a joint-venture company in charge of the project said. A topping out ceremony is the construction milestone of laying the final beam or structural piece at the highest point of a building, and it honors the construction crew, architects and engineers. European Semiconductor Manufacturing Co (ESMC) president Christian Koitzsch said that about 2,000 workers from 106 countries are working around the clock at the site in