Elpida Memory has announced net sales for the quarter slid 15.3% sequentially to 46.5 billion yen (US$483.8 million), but net loss narrowed to 60.9 billion yen from 72.3 billion yen for fiscal third-quarter 2008.

Elpida suffered a revenue decline of 43.9% on year in fiscal fourth-quarter 2008, with net loss expanding from 29.2 billion yen a year ago. Elpida's overall net sales for its fiscal 2008 ended March 31, 2009 slid 18.4% to 331 billion yen, with premier DRAM (used in digital consumer electronics and mobile devices) going down 37% to 141 billion yen. As for computing DRAM (used in servers and PCs), sales went up 4.6% to 190 billion yen.

Elpida suffered a net loss of 178.9 billion yen for fiscal 2008, compared to a loss of 23.5 billion yen for fiscal 2007. Elpida attributed the expanded loss to a larger-than-expected decline in DRAM prices, which led to the chipmaker's overall ASP drop of 52%.

Elpida said that continued oversupply in the DRAM sector due to a significant drop in demand had negatively affected its profitability for fiscal 2008. Elpida said it is working to further reduce costs by accelerating the shift to 65nm production at the Hiroshima Plant and its Taiwan-based manufacturing joint venture, Rexchip Electronics.

By: DocMemory
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