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Adata 2Q13 sales up 19%


Tuesday, July 9, 2013

Memory module manufacturer Adata Technology has reported a 19.3% sequential increase in consolidated revenues for the second quarter of 2013, bucking seasonal trends.

Consolidated revenues at Adata totaled NT$9.115 billion (US$302.8 million) in the second quarter bringing total sales for the first half of 2013 to NT$16.755 billion. The six-month figures represented a 20.6% on-year rise.

Strengthening DRAM prices helped Adata post better-than-seasonal results in the second quarter, the company said. Chipmakers' capacity allocation decisions and growing demand for smartphones and tablets have been boosting memory prices.

Major upstream firms including Samsung Electronics and SK Hynix have allocated more of their available DRAM capacity to mobile DRAM chips causing the supply of PC DRAM to be further constrained.

As a result of higher DRAM prices, Adata saw sales generated from its DRAM modules rise to account for 68.6% in June. The proportion for all of the second quarter arrived at 62.7% compared to about 54% in the first quarter.

Adata also produces NAND flash based products, such as memory cards and flash drives, and embedded storage devices. Adata expects the product segment in terms of revenue growth to outperform its DRAM module line in the second half of 2013.

By: DocMemory
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