Rexchip Electronics, a subsidiary of Elpida Memory, has announced that net profits for the fourth quarter of 2009 amounted to NT$3.5 billion (US$110 million).

Rexchip still saw a full-year net loss of NT$2.37 billion in 2009, compared to losses of NT$6 billion in 2008 and NT$3 billion in 2007.

Rexchip is confident of seeing its first profitable year in 2010, according to company president Stephen Chen. Profits this year will be able to offset Rexchip's combined losses over 2007-09.

Market watchers have estimated Rexchip's net profits for the first quarter of 2010 to reach NT$4 billion, and profits for all of the year will exceed NT$10 billion.

Rexchip, which produces DRAM chips based on Elpida's designs, aims to convert all of its 12-inch chip production (80,000 wafers a month) to 40nm process technology by the end of 2010.

Two-thirds of Rexchip's 2010 capex will be used to buy immersion scanner tools, Chen said. Chen was quoted in previous reports saying the company's capex budget will be as much as NT$12 billion (US$378 million) this year.

Chen also noted Rexchip will provide Powerchip Semiconductor Corporation (PSC) and ProMOS Technologies technological support, after it succeeds in ramping up production using Elpida's 40nm 6F2 process in the second quarter.

By: DocMemory
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