Memory module maker Adata Technology Co (威剛科技) yesterday said that revenue last month rose 15.28 percent monthly on the back of significant growth in shipments and an improving supply glut.
Adata’s revenue expanded to NT$2.45 billion (US$79.65 million), bringing its cumulative revenue in the first five months of this year to NT$11.79 billion.
On an annual basis, last month’s revenue fell 12.53 percent from NT$2.81 billion a year earlier, corporate data showed.
Photo courtesy of Adata Technology Co via CNA
“Capacity reductions by the world’s major memory chipmakers have helped mitigate inventory pressure on the supply chain. Some of our customers started showing improved appetite for our products,” Adata said in a statement.
“Adata expects the DRAM industry to have clear prospects in the third quarter in terms of chip price and demand, given the global economy does not deteriorate,” it said.
Adata expects the DRAM industry to bottom out next quarter.
It is adjusting upward its inventory ahead of an expected rebound in demand during the second half of this year, the company said.
Meanwhile, DRAM chipmaker Nanya Technology Corp (南亞科技) last month posted increased revenue for a third straight month at NT$2.31 billion, rising 2.17 percent from NT$2.26 billion in April.
Last month’s performance was the best since the beginning of this year, although it was down 62.74 percent from NT$6.2 billion a year earlier.
Winbond Electronics Corp (華邦電子), which makes DRAM and flash memory chips, reported a 7.98 percent monthly increase in revenue to NT$6.14 billion last month.
That translated into a decline of 30.41 percent from a year earlier.
In the January-to-May period, revenue contracted 33.71 percent annually to NT$29.34 billion.
Winbond told investors in February that the first quarter was the worst period and demand would improve from this quarter, given rising rush orders.
Macronix International Co Ltd (旺宏), the world’s biggest supplier of NOR flash memory chips, last month posted a revenue decrease of 24.2 percent month-on-month to NT$2.28 billion from about NT$3 billion in the previous month, after a brief rebound in April.
On an annual basis, its revenue dropped 35.7 percent from NT$3.55 billion a year earlier.
During the first five months of this year, revenue fell 34.9 percent year-on-year to NT$19.03 billion.
Macronix said revenue this quarter would be similar to the first quarter’s.
However, it hoped to return to the black, aided by improving demand for memory chips used in vehicles, as well as industrial and medical devices.
The US dollar was trading at NT$29.7 at 10am today on the Taipei Foreign Exchange, as the New Taiwan dollar gained NT$1.364 from the previous close last week. The NT dollar continued to rise today, after surging 3.07 percent on Friday. After opening at NT$30.91, the NT dollar gained more than NT$1 in just 15 minutes, briefly passing the NT$30 mark. Before the US Department of the Treasury's semi-annual currency report came out, expectations that the NT dollar would keep rising were already building. The NT dollar on Friday closed at NT$31.064, up by NT$0.953 — a 3.07 percent single-day gain. Today,
‘SHORT TERM’: The local currency would likely remain strong in the near term, driven by anticipated US trade pressure, capital inflows and expectations of a US Fed rate cut The US dollar is expected to fall below NT$30 in the near term, as traders anticipate increased pressure from Washington for Taiwan to allow the New Taiwan dollar to appreciate, Cathay United Bank (國泰世華銀行) chief economist Lin Chi-chao (林啟超) said. Following a sharp drop in the greenback against the NT dollar on Friday, Lin told the Central News Agency that the local currency is likely to remain strong in the short term, driven in part by market psychology surrounding anticipated US policy pressure. On Friday, the US dollar fell NT$0.953, or 3.07 percent, closing at NT$31.064 — its lowest level since Jan.
The New Taiwan dollar and Taiwanese stocks surged on signs that trade tensions between the world’s top two economies might start easing and as US tech earnings boosted the outlook of the nation’s semiconductor exports. The NT dollar strengthened as much as 3.8 percent versus the US dollar to 30.815, the biggest intraday gain since January 2011, closing at NT$31.064. The benchmark TAIEX jumped 2.73 percent to outperform the region’s equity gauges. Outlook for global trade improved after China said it is assessing possible trade talks with the US, providing a boost for the nation’s currency and shares. As the NT dollar
The Financial Supervisory Commission (FSC) yesterday met with some of the nation’s largest insurance companies as a skyrocketing New Taiwan dollar piles pressure on their hundreds of billions of dollars in US bond investments. The commission has asked some life insurance firms, among the biggest Asian holders of US debt, to discuss how the rapidly strengthening NT dollar has impacted their operations, people familiar with the matter said. The meeting took place as the NT dollar jumped as much as 5 percent yesterday, its biggest intraday gain in more than three decades. The local currency surged as exporters rushed to
RSS