Wed, Jan 29, 2014 - Page 13 News List

Inotera posts record-high profits for fourth quarter

By Lisa Wang  /  Staff reporter

Another memory chipmaker, Macronix International Co (旺宏電子), yesterday posted its eighth straight quarterly loss last quarter, as its product prices plunged on weak demand.

Last quarter, the company’s net losses widened to NT$1.5 billion from minus-NT$897 million in the third quarter. However, the figures were an improvement from the net loss of NT$1.78 billion that Macronix recorded a year ago.

Macronix, which supplies chips to Japanese video game console maker Nintendo Co, might have a difficult time this quarter due to seasonally slow demand, with its factory utilization rate likely dropping below last quarter’s 91 percent, company president Lu Chih-yuan (盧志遠) told a media briefing.

To break even, Macronix will have to make NT$2.5 billion in monthly revenue, Lu said.

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