Macronix International Co (旺宏電子), the nation's largest maker of memory chips for electronic games, had a loss of NT$3 billion (US$87 million) in the three months ended June 30, its seventh straight unprofitable quarter.
The second-quarter loss narrowed by a third to 81 NT cents a share, from NT$4.5 billion, or NT$1.21 a share, a year earlier because of better cost controls, the company said. Sales rose 3 percent to NT$4 billion from NT$3.9 billion.
Macronix supplies so-called mask read-only memory chips to Japanese video-game maker Nintendo Co, its largest customer. Macronix said it aims to make more flash memory chips, which store phone numbers and data in cell phones. Intel Corp and Samsung Electronics Co, the world's biggest chipmakers, are rivals in the flash memory business.
The company said sales will increase this quarter from the second quarter and its factory usage rate will rise to more than 80 percent from 64 percent in the second quarter.
Macronix shares dropped NT$0.40, or 4.3 percent, to NT$9 in Taipei before the results announcement. The shares have fallen 17 percent this year, against a 23 percent rise in the TAIEX.
Standard & Poor's on May 28 cut Macronix's debt rating one level, citing a decline in the company's operating performance and a pessimistic outlook. The rating was cut to B from B+, both junk grade. The rating for the company's unsecured convertible bond was one level lower. The ratings have a negative outlook, which means S&P is more likely to cut them again.
Hypermarket chain Carrefour Taiwan and upscale supermarket chain Mia C’bon on Saturday announced the suspension of their partnership with Jkopay Co (街口支付), one of Taiwan’s largest digital payment providers, amid a lawsuit involving its parent company. Carrefour and Mia C’bon said they would notify customers once Jkopay services are reinstated. The two retailers joined an array of other firms in suspending their partnerships with Jkopay. On Friday night, popular beverage chain TP Tea (茶湯會) also suspended its use of the platform, urging customers to opt for alternative payment methods. Another drinks brand, Guiji (龜記), on Friday said that it is up to individual
READY TO BUY: Shortly after Nvidia announced the approval, Chinese firms scrambled to order the H20 GPUs, which the company must send to the US government for approval Nvidia Corp chief executive officer Jensen Huang (黃仁勳) late on Monday said the technology giant has won approval from US President Donald Trump’s administration to sell its advanced H20 graphics processing units (GPUs) used to develop artificial intelligence (AI) to China. The news came in a company blog post late on Monday and Huang also spoke about the coup on China’s state-run China Global Television Network in remarks shown on X. “The US government has assured Nvidia that licenses will be granted, and Nvidia hopes to start deliveries soon,” the post said. “Today, I’m announcing that the US government has approved for us
The National Stabilization Fund (NSF, 國安基金) is to continue supporting local shares, as uncertainties in international politics and the economy could affect Taiwanese industries’ global deployment and corporate profits, as well as affect stock movement and investor confidence, the Ministry of Finance said in a statement yesterday. The NT$500 billion (US$17.1 billion) fund would remain active in the stock market as the US’ tariff measures have not yet been fully finalized, which would drive international capital flows and global supply chain restructuring, the ministry said after the a meeting of the fund’s steering committee. Along with ongoing geopolitical risks and an unfavorable
MATCHING NEIGHBORS: Taiwan lacks leverage with the US and ‘we should not be optimistic until details are confirmed,’ the Third Wednesday Club’s Lin Por-fong said Taiwan must secure tariff terms from the US that are on par with those granted to key export rivals such as Japan and South Korea or risk ceding competitiveness in global markets, a leading industrialist said yesterday, as concerns mount over trade barriers and currency volatility. Lin Por-fong (林伯豐), chairman of Taiwan Glass Industry Corp (台灣玻璃) and head of the Third Wednesday Club (三三會) — an exclusive body for Taiwan’s top 100 business leaders — said that Taiwan cannot afford to be optimistic ahead of Washington’s release of “reciprocal” tariff rates. “Taiwan lacks bargaining leverage with the US and we should not
RSS