Thu, Nov 07, 2013 - Page 14 News List

Nanya confident on sales goal

ON TRACK:The chipmaker expects prices to further increase this month, which should help it meet its goal of double-digit percentage sales growth this quarter

By Lisa Wang  /  Staff reporter

With revenue last month jumping nearly 16 percent from September amid supply constraint, DRAM chipmaker Nanya Technology Corp (南亞科技) yesterday said it was on track to meet its target of double-digit growth this quarter. PC DRAM chip supply remained tight last month, as South Korea-based SK Hynix Inc was still trying to resume production at a Chinese plant, which was damaged by a fire in early September.

This helped boost Nanya’s average selling price by 9.1 percent month-on-month last month, the firm said. Shipments grew 7.3 percent last month from a month ago, it said.

Revenue rose to NT$4.4 billion (US$149 million) last month from NT$3.8 billion in September, according to an e-mailed company statement. The figure was the highest since June’s NT$4.43 billion.

On an annual basis, revenue last month surged 81.7 percent from NT$2.42 billion, the statement said.

“Now, we are more confident that our revenue this quarter will grow by a double-digit percentage [sequentially] as we said during the investors’ conference,” Nanya vice president Lee Pei-ing (李培英) said by telephone.

During the quarter ending Sept. 30, Nanya posted NT$11.46 billion in revenue.

Lee said he expected chip prices would rise further this month, but the growth rate would be slower than that of last month. Shipments are forecast to drop slightly month-on-month because of fewer working days, he said.

Inotera Memories Inc (華亞科技), its joint venture with Micron Technology Inc, yesterday reported another record-breaking revenue of NT$6.07 billion for last month, up 1.5 percent from September’s NT$5.98 billion and more than double from NT$2.96 billion in October last year.

Meanwhile, local peer Winbond Electronics Corp (華邦電子) reported that revenue increased 6.16 percent month-on-month and 1.93 percent year-on-year to NT$2.81 billion last month.

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