Powerchip Semiconductor Corporation has announced third quarter revenues of NT$14.97 billion (US$457 Million), down 14.2% sequentially and 16.5% on year, while its operating losses totaled NT$10.43 billion, according to a company release.

The company also reported pre-tax losses of NT$13.73 billion and net losses of NT$15.02 billion. PSC's gross margins were negative 59.7% and its operating margins were negative 69.7%, representing a loss per share of NT$1.94.

PSC took the initiative early in September to trim production for commodity DRAM by 10-15%. The company also noted that other DRAM makers have taken steps to reduce DRAM output. PSC technology partner Elpida and ProMOS have reduced their output by 10-15%.

PSC indicated that it had bit growth of 6.3% in the third quarter but growth should be about negative 6% in the fourth quarter. Frank Huang, chairman of PSC also recently noted that global DRAM production will decrease by 20% by the end of the year. However, in 2009, PSC expects to have bit growth of 30-40%, up from about 65% this year.

By: DocMemory
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