Powerchip Semiconductor Corp (力晶半導體), the nation’s second-largest computer memory chipmaker, said yesterday it had changed its name to Powerchip Technology Corp (力晶科技), effective immediately.
The Hsinchu-based company said in a filing to the Taipei Stock Exchange that the name change had been approved by shareholders at the annual general meeting on May 26 and approved by the Hsinchu Science Park Administration on Monday.
The company said it would still trade its shares on the over-the-counter GRETAI Securities Market under the code number 5346.
“This new name will not affect the substance of our company. Our legal entity will remain the same except for this name change,” Powerchip said in a separate statement.
Powerchip said last week that its revenue skyrocketed 440.09 percent to NT$8.14 billion (US$250.4 million) last month from a year earlier and soared 423.27 percent to NT$33.96 billion in the first five months.
The global DRAM market is expected to grow 78 percent this year thanks to strong PC demand and rising DRAM prices, market researcher Gartner said last Thursday.
Meanwhile, Rexchip Electronics Corp (瑞晶電子), a DRAM joint venture between Tokyo-based Elpida Memory Inc and Powerchip, said yesterday that revenue last month grew 126.63 percent year-on-year to NT$4.59 billion and increased 164.01 percent to NT$21.37 billion between January and last month.
Smaller memory chipmaker Winbond Electronics Corp (華邦電子) also posted increases of 109.29 percent year-on-year, with last month’s revenue reaching NT$2.86 billion, an increase of 112.35 percent year-on-year to NT$12.59 billion in the first five months of this year.
Taiwan’s foreign exchange reserves fell below the US$600 billion mark at the end of last month, with the central bank reporting a total of US$596.89 billion — a decline of US$8.6 billion from February — ending a three-month streak of increases. The central bank attributed the drop to a combination of factors such as outflows by foreign institutional investors, currency fluctuations and its own market interventions. “The large-scale outflows disrupted the balance of supply and demand in the foreign exchange market, prompting the central bank to intervene repeatedly by selling US dollars to stabilize the local currency,” Department of Foreign
Intel Corp is joining Elon Musk’s long-shot effort to develop semiconductors for Tesla Inc, Space Exploration Technologies Corp and xAI, marking a surprising twist in the chipmaker’s comeback bid. Intel would help the Terafab project “refactor” the technology in a chip factory, the company said on Tuesday in a post on X, Musk’s social media platform. That is a stage in the development process that typically helps make chips more powerful or reliable. The chipmaker’s shares jumped 4.2 percent to US$52.91 in New York trading on Tuesday. The Terafab project is a grand plan by Musk to eventually manufacture his own chips for
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