Inotera Memories, a joint venture between Micron Technology and Nanya Technology, saw its net loss for second-quarter 2009 narrow to NT$4.11 billion (US$125 million) compared to a loss of NT$5.32 billion in the prior quarter.

However, the Taiwan-based DRAM maker still experienced a revenue drop of 23% in the second quarter compared to a year ago, with the net loss expanding from a loss of NT$3.23 billion for second-quarter 2008.

Inotera began migrating from 70nm trench to 50nm stack in the second half, said company president Charles Kao, adding that the technology transition would require US$1.6 billion. The company has recently raised US$310 million from its global depositary receipts (GDRs), with the funds to be mainly utilized for purchase of immersion scanner equipment.

Inotera is on track to completely migrate to 50nm processing in the fourth quarter of 2010, according to Kao. The company is moving to scale up DDR3 production, which is expected to account for 20% of its total capacity per month in the third quarter of 2009.

Kao said Inotera's capex budget for 2009 will be NT$11.7 billion, compared to NT$20 billion for 2008.

By: DocMemory
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