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Nanya raised outlook for current quarter


Monday, July 14, 2014

PC DRAM chipmaker Nanya Technology Corp (“옱‰È‹Z) yesterday raised its business outlook for the current quarter, saying that robust demand would boost chip prices by 5 percent sequentially rather than 2 percent, as strong momentum had helped boost revenue to exceed its expectations last quarter.

gIn the third quarter, we are seeing strong demand from almost all segments, including PCs, servers and handsets, because of seasonal factors,h Nanya Technology vice president Lee Pei-ing (—›”|‰l) said by telephone. gWe are expecting supply constraint to take place in the third quarter.h

Memory chips used in PCs, servers and mobile phones account for about 80 percent of Nanya Technologyfs revenue.

Last quarter, the companyfs revenue inched up 1.97 percent to NT$11.92 billion (US$398 million) from NT$11.69 billion in the previous quarter, Nanya Technology reported on its Web site.

Lee attributed the growth to a milder-than-expected 3 percent price decline. In April, the company forecast that the average selling price of its chips would slide 5 percent sequentially last quarter.

gThe latest figures and overall market situation are all better than expected,h Lee said. gChip price started to rebound in April and continued rising by 5 percent month-on-month last month.h

Meanwhile, Inotera Memories Inc (‰Ø˜±‰È‹Z), a DRAM joint venture between Nanya Technology and US-based Micron Technology Inc, yesterday said revenue contracted 5 percent to NT$7.11 billion last month from NT$7.49 billion in May, with second-quarter revenue increasing 6.77 percent to NT$21.6 billion from NT$20.23 billion in the first quarter.

By: DocMemory
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