Nanya Technology Corp (南亞科技), the nation’s biggest DRAM chipmaker, yesterday posted a 6.6 percent decline in revenue for last month after it shipped fewer chips.
Revenue fell to NT$4.14 billion (US138.2 million) last month, from NT$4.43 billion in June, marking the lowest level since March.
Shipments fell 8.7 percent last month from the previous month, company spokesman Lee Pai-ing (李培瑛) said by telephone.
Lee attributed the fall in shipments to fewer chips received from Inotera Memories Inc (華亞科技), a joint venture between Nanya and US memory chipmaker Micron Technology Inc.
This quarter, shipments are expected to contract 15 percent sequentially primarily because of a new supply contract with Inotera and Micron, Lee said last month.
While, average selling prices rose 2 percent this month, prices are set to hold steady as Nanya has reached contractual agreements with clients for the current quarter, Lee said.
This is despite tumbling prices on the spot market, Lee said, as mainstream DDR3 2 gigabit DRAM chip prices plunged 3.48 percent to US$1.5 per unit, according to market researcher TrendForce Corp’s (集邦科技) real-time pricing information.
Inotera’s revenue grew 4.85 percent to NT$5.4 billion last month from June’s NT$5.15 billion, a rise of 77.75 percent from the NT$3.04 billion it posted in the same period last year.
Inotera said it expects shipments to grow by a single-digit percentage this quarter from last quarter.
“The third quarter will be much better than the second quarter because of an improved product mix,” Inotera chairman Charles Kau (高啟全) told reporters last month.
NOT ALL GOOD: Analysts warned that other data for last month might be less rosy due to the virus and analysts expect the PMI to contract again next month Chinese factory activity saw surprise growth last month as businesses went back to work following a lengthy shutdown, but analysts said that the economy faces a challenging recovery as external demand has been devastated by the COVID-19 pandemic, while the World Bank said that growth could screech to a halt. China is slowly returning to life after months of tough restrictions aimed at containing the virus, which put millions of people into virtual house arrest and brought economic activity to a near standstill. The strict measures saw a closely watched gauge of manufacturing plunge to its lowest level on record in February,
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