Trading of Powerchip Technology shares will be suspended on Taiwan's over-the-counter (OTC) securities market in mid December 2012.

Powerchip has reported net losses of about NT$3.6 billion (US$123 million) for the third quarter of 2012, compared to losses of NT$3.04 billion for the second quarter. The net value of its shares came to negative NT$0.36.

Meanwhile, Inotera's stock will likely be downgraded on the Taiwan Stock Exchange (TSE) to requiring full-cash delivery, after the company reported that its net value per share as of the end of third-quarter 2012 slipped below the required NT$5 mark.

Net losses at Inotera expanded to NT$4.39 billion in the third quarter of 2012, from losses of NT$2.98 billion in the prior quarter.

In addition, Nanya Technology saw its net value per share slip into the negative territory as of the end of September 2012, after posting larger losses for the third quarter. However, Nanya's planned fundrasing through a private placement will help shore up the net value of the company's shares.

By: DocMemory
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