Nanya Technology Corp (南亞科技), Taiwan's second-biggest memory-chip maker, said third-quarter profits more than doubled to a record, as demand from makers of personal computers pushed up prices.
Net income surged to NT$5.17 billion (US$155 million), or NT$1.35 a share, in the three months ending last month, from NT$2.02 billion, or NT$0.53 a share, a year earlier, Nanya said yesterday.
Gross margin rose to 32 percent in the third quarter, from 28 percent in the second quarter and 21 percent over a year earlier, the company said.
Capital spending will jump more than 10-fold to NT$60 billion next year from NT$5.8 billion this year, vice president Pai Pei-lin (白培霖) said at a briefing in Taoyuan yesterday. The expenditure will help boost capacity by 50 percent or more next year, he said.
"The PC market is very strong in Europe and the US," Pai said.
"We are unable to fully meet clients' demands because of a capacity shortage," he added.
Nanya will post a record profit in the fourth quarter, Pai forecasted, saying that selling prices will rise from the previous quarter.
Inotera Memories Inc (
Inotera's third-quarter profits more than doubled to NT$4.36 billion from NT$1.58 billion a year earlier, the company said.
To many, Tatu City on the outskirts of Nairobi looks like a success. The first city entirely built by a private company to be operational in east Africa, with about 25,000 people living and working there, it accounts for about two-thirds of all foreign investment in Kenya. Its low-tax status has attracted more than 100 businesses including Heineken, coffee brand Dormans, and the biggest call-center and cold-chain transport firms in the region. However, to some local politicians, Tatu City has looked more like a target for extortion. A parade of governors have demanded land worth millions of dollars in exchange
Hong Kong authorities ramped up sales of the local dollar as the greenback’s slide threatened the foreign-exchange peg. The Hong Kong Monetary Authority (HKMA) sold a record HK$60.5 billion (US$7.8 billion) of the city’s currency, according to an alert sent on its Bloomberg page yesterday in Asia, after it tested the upper end of its trading band. That added to the HK$56.1 billion of sales versus the greenback since Friday. The rapid intervention signals efforts from the city’s authorities to limit the local currency’s moves within its HK$7.75 to HK$7.85 per US dollar trading band. Heavy sales of the local dollar by
Taiwan Semiconductor Manufacturing Co’s (TSMC, 台積電) revenue jumped 48 percent last month, underscoring how electronics firms scrambled to acquire essential components before global tariffs took effect. The main chipmaker for Apple Inc and Nvidia Corp reported monthly sales of NT$349.6 billion (US$11.6 billion). That compares with the average analysts’ estimate for a 38 percent rise in second-quarter revenue. US President Donald Trump’s trade war is prompting economists to retool GDP forecasts worldwide, casting doubt over the outlook for everything from iPhone demand to computing and datacenter construction. However, TSMC — a barometer for global tech spending given its central role in the
An Indonesian animated movie is smashing regional box office records and could be set for wider success as it prepares to open beyond the Southeast Asian archipelago’s silver screens. Jumbo — a film based on the adventures of main character, Don, a large orphaned Indonesian boy facing bullying at school — last month became the highest-grossing Southeast Asian animated film, raking in more than US$8 million. Released at the end of March to coincide with the Eid holidays after the Islamic fasting month of Ramadan, the movie has hit 8 million ticket sales, the third-highest in Indonesian cinema history, Film
RSS