Nanya Technology Corp (南亞科技), the nation’s second-biggest computer memory chipmaker, yesterday reported its lowest monthly sales in 14 months as prices declined again on weaker-than--expected demand.
Last month, sales decreased 19.3 percent to NT$3.78 billion (US$123 million) from NT$4.56 billion in September. On an annual basis, it represented a 33.41 percent decline, compared with NT$5.68 billion a year ago.
TrendForce Technology Inc (集邦科技), a Taipei-based market researcher, projected on Monday that the contract price for benchmark PC memory chips for the second half of this month would plunge 14.3 percent from two weeks ago, the fastest rate in a year.
That would lead to a more than 30 percent decline this quarter from last quarter because of oversupply amid weaker-than--expected notebook computer demand, TrendForce forecast.
Inotera Memories Inc (華亞科技), Nanya’s computer memory joint venture with US memory chipmaker Micron Technology Inc, yesterday said last month’s sales slid more than 19 percent to NT$2.9 billion from NT$3.6 billion in the previous month.
Last month’s figure was at the weakest level since Inotera made NT$2.88 billion in July last year and compared with NT$3.76 billion during the same month last year, the company’s data showed.
On Oct. 21, Nanya Technology cut its output forecast for this year to 25 percent annual growth, from the 35 percent growth it had previously estimated, citing technological problems in migrating to next-generation technology.
Shares of Nanya Technology and Inotera tumbled 1.47 percent and 1.08 percent to NT$16.75 and NT$13.8, respectively, yesterday, while the benchmark TAIEX dropped 0.61 percent.
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