Nanya Technology’s revenue drops 12.6%

By Lisa Wang  /  Staff reporter

Sat, Dec 07, 2013 - Page 13

DRAM chipmaker Nanya Technology Inc (南亞科技) yesterday said its revenue shrank 12.6 percent last month as shipments dropped on seasonally slow demand, but the brief decline would not dampen Nanya’s prediction of double-digit percentage growth this quarter.

Revenue fell to NT$3.85 billion (US$130 million) last month, compared with NT$4.4 billion in October. On an annual basis, revenue jumped 33.7 percent from NT$2.88 billion, the Taoyuan-based company said.

“Market demand returned to normal seasonal patterns last month. Last month was the trough with revenue growing again this month,” vice president Lee Pei-ing (李培英) said by telephone.

Lee expects holiday demand for new game consoles and mobile devices to boost the company’s sales this month.

Nanya saw its revenue rise in October on rush orders after a fire at SK Hynix Inc’s Chinese plant disrupted chip manufacturing and supply in September. However, revenue dropped last month as shipments decreased 9 percent from October and average selling prices dropped 4 percent month-on-month.

Even so, Lee said Nanya “still believes the fourth quarter will be a better period than the third quarter in terms of revenue and profit. We have not seen anything significant to alter our previous forecast.”

Two months ago, Nanya said it aimed to grow revenue by a double-digit percentage this quarter, from last quarter’s NT$11.46 billion.

Inotera Memories Inc (華亞科技), Nanya’s joint venture with US memory giant Micron Technology Inc, yesterday posted another record-breaking monthly revenue at NT$6.46 billion last month.

Revenue grew 6.4 percent from October’s NT$6.07 billion, or more than double the NT$2.97 billion in the same period of last year.

Inotera said in October that growth momentum in the past few months would carry into this quarter, thanks to rising demand for memory chips for servers.

That would help Inotera boost revenue to hit a record high in the final quarter of this year.

Separately, memory chipmaker Windbond Electronics Corp (華邦電子) yesterday said revenue fell 0.14 percent to NT$2.809 billion last month from NT$2.813 billion in the prior month.

That was an annual growth of 2.78 percent from NT$2.73 billion last year.

Macronix International Co Ltd (旺宏電子), which supplies chips to Japanese video game console maker Nintendo Co, posted its weakest monthly revenue in five months for last month at NT$1.9 billion, down 16.9 percent month-on-month and 4.1 percent year-on-year.