Fri, Mar 07, 2014 - Page 14 News List

Declining shipments nick Nanya

By Lisa Wang  /  Staff reporter

Nanya Technology Corp (南亞), the nation’s biggest DRAM chipmaker, yesterday posted a 10.3 percent monthly decline in revenue for last month as shipments declined.

Revenue fell to NT$3.9 billion (US$128.84 million) last month, compared with NT$4.35 billion in January. However, revenue climbed 27.5 percent from NT$3.06 billion the previous year, according to a company statement.

“The decline is primarily due to a 11 percent monthly reduction in shipments and fewer working days in February,” Nanya spokesman Lee Pei-ing (李培瑛) said in a telephone interview.

Lee said sales last month exceeded the company’s forecast and that the global average selling prices of its memorychip products held steady from January.

He said the declining shipments were because of a lower supply from Inotera Memories Inc (華亞), a joint DRAM venture between Nanya and US-based Micron Technology Inc.

Nanya has been taking fewer products from Inotera to cut spending, which could lead its production to contract by 15 percent a year, he added.

The DRAM market may soften this month as supply is likely to increase after South Korea’s SK Hynix fully restores production at a plant damaged by fire in China last year, which could cause Nanya’s revenue to drop by between 5 and 10 percent over the next few months, he said.

Inotera’s revenue contracted 16.6 percent month-on-month to NT$6.02 billion from NT$7.22 billion in January, but more than doubled from NT$2.53 billion the previous year, while smaller rival Winbond Electronics Corp’s (華邦) revenue dropped 4.53 percent to NT$2.82 billion from January’s NT$2.95 billion, but rose 17 percent from NT$2.41 billion last year.

Nanya shares plunged 6.96 percent to NT$4.01 yesterday, while those of Inotera and Winbond declined 1.92 percent and 0.96 percent to NT$25.5 and NT$8.28 respectively.

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