Nanya Technology Co (南亞科技) yesterday said its revenue for last month fell for a second straight month after its shipments dropped 6.7 percent from May.
Revenue fell 3.67 percent last month to NT$4.43 billion (US$147.1 million) from May’s NT$4.6 billion, the nation’s top DRAM chipmaker said in a statement.
While the average selling price of the company’s products rose 2.5 percent last month from May, shipments were lower than the previous month because Nanya received fewer chips from its subsidiary, Inotera Memories Inc (華亞科技), based on new supply contracts, Nanya said.
On an annual basis, Nanya’s revenue for last month surged 35.59 percent from NT$3.27 billion in June last year, the statement showed.
In the April-to-June quarter, the company’s revenue totaled NT$13.83 billion, up 49.62 percent from NT$9.25 billion in the previous quarter.
From January through last month, accumulated revenue was NT$23.08 billion, up 19.8 percent from NT$19.27 billion in the same period last year, company data showed.
Looking ahead, Nanya said its chip prices are set to hold steady in the second half of the year, as it benefits from supply constraints and new products launched by its customers.
The undersupply of DRAM because of companies’ planned cutting backing of output is a positive move for the industry, keeping DRAM prices stable and enabling companies to strengthen their financial situations.
Global output of DRAM wafers for this year is expected to decline 5 percent to 13 million 12-inch equivalent wafers from last year, according to research firm IHS iSuppli.
That means a second straight year of declining output following an 8 percent drop last year, IHS forecast last month.
Meanwhile, Inotera, a DRAM joint venture between Nanya and US-based Micron Technology Inc, also released its sales data yesterday, which showed last month’s revenue rose 23.9 percent month-on-month and 57.32 percent year-on-year to NT$5.15 billion.
Accumulated revenue in the second quarter surged 47.67 percent quarter-on-quarter to NT$12.75 billion, while that of the first six months increased 22.24 percent year-on-year to NT$21.38 billion, company data showed.
The figures for last month and last quarter were higher than the NT$4.5 billion and NT$12.08 billion forecast respectively by Taishin Securities Investment Advisory Co (台新投顧).
Taishin Securities expected the company to return to profit last quarter, with a net profit of NT$2.40 billion, or NT$0.4 per share. For this quarter, Inotera’s revenue is likely to rise to NT$14.23 billion with net profit of NT$3.61 billion, or NT$0.6 a share, thanks to an improved industry environment, the company’s lower operating expenses and increased cooperation with Micron, Taishin said.
Separately, local memorychip maker Winbond Electronics Corp (華邦電子) yesterday posted a 5.4 percent month-on-month decline in revenue to NT$2.84 billion for last month. Compared with June last year, revenue dropped 6.12 percent, the company said in a statement.
In the second quarter, revenue stood at NT$8.85 billion, up 15.25 percent from the first quarter, the company said.
Additional reporting by CNA