Macronix International Co (旺宏), the world’s biggest supplier of NOR flash memory chips, yesterday reported that revenue last month expanded 13.3 percent to a record high of NT$5.68 billion (US$203.2 million), up from NT$5.01 billion in August.
The company has posted monthly revenue highs since April amid robust customer demand for its chips used in servers, automotive parts, medical equipment and industrial products, as well as 5G-related applications.
That brought the chipmaker’s revenue last quarter to NT$14.97 billion on the back of increases in prices and shipments, a surge of 31.32 percent from NT$11.4 billion in the second quarter. On an annual basis, revenue soared 36.71 percent from NT$10.95 billion.
Photo: Grace Hung, Taipei Times
Macronix said the momentum would likely extend into this quarter and through next year as more customers requested to sign agreements to secure chip supply.
The company downplayed the effects of weakening notebook computer demand and lingering component shortages on its business outlook, adding that demand for automotive applications remains strong.
Robust demand for memory chips also boosted sales at Phison Electronics Corp (群聯電子), a supplier of NAND flash memory controllers and modules.
Phison reported NT$16.93 billion in revenue for last quarter, a record high for the company. That represented a quarterly increase of 6.48 percent and annual growth of 42 percent.
The company said it is bullish about market demand and revenue growth this quarter, thanks to growing uptake of 5G devices.
In Italy’s storied gold-making hubs, jewelers are reworking their designs to trim gold content as they race to blunt the effect of record prices and appeal to shoppers watching their budgets. Gold prices hit a record high on Thursday, surging near US$5,600 an ounce, more than double a year ago as geopolitical concerns and jitters over trade pushed investors toward the safe-haven asset. The rally is putting undue pressure on small artisans as they face mounting demands from customers, including international brands, to produce cheaper items, from signature pieces to wedding rings, according to interviews with four independent jewelers in Italy’s main
Macronix International Co (旺宏), the world’s biggest NOR flash memory supplier, yesterday said it would spend NT$22 billion (US$699.1 million) on capacity expansion this year to increase its production of mid-to-low-density memory chips as the world’s major memorychip suppliers are phasing out the market. The company said its planned capital expenditures are about 11 times higher than the NT$1.8 billion it spent on new facilities and equipment last year. A majority of this year’s outlay would be allocated to step up capacity of multi-level cell (MLC) NAND flash memory chips, which are used in embedded multimedia cards (eMMC), a managed
Japanese Prime Minister Sanae Takaichi has talked up the benefits of a weaker yen in a campaign speech, adopting a tone at odds with her finance ministry, which has refused to rule out any options to counter excessive foreign exchange volatility. Takaichi later softened her stance, saying she did not have a preference for the yen’s direction. “People say the weak yen is bad right now, but for export industries, it’s a major opportunity,” Takaichi said on Saturday at a rally for Liberal Democratic Party candidate Daishiro Yamagiwa in Kanagawa Prefecture ahead of a snap election on Sunday. “Whether it’s selling food or
In the wake of strong global demand for AI applications, Taiwan’s export-oriented economy accelerated with the composite index of economic indicators flashing the first “red” light in December for one year, indicating the economy is in booming mode, the National Development Council (NDC) said yesterday. Moreover, the index of leading indicators, which gauges the potential state of the economy over the next six months, also moved higher in December amid growing optimism over the outlook, the NDC said. In December, the index of economic indicators rose one point from a month earlier to 38, at the lower end of the “red” light.