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Demand increase in healtcare support memory components

Tuesday, April 14, 2020

Memory device controller supplier Phison Electronics and industrial memory module specialist Innodisk have both enjoyed an influx of short lead-time orders for healthcare applications recently, according to the companies.

Phison indicated that shipments of its industrial memory controller chips surged nearly 180% on year in March 2020, thanks to robust demand for medical electronics devices and embedded IoT solutions for healthcare applications.

Phison saw its revenues hit a record high of NT$5.54 billion (US$184 million) in March 2020. Revenues for the first quarter came to NT$12.87 billion, rising nearly 38% from the same period in 2019.

Innodisk posted revenues of NT$742 million for March 2020, up 22.8% on year and about 8% on month. The company saw its first-quarter revenues increase 5.6% from a year earlier to NT$2.03 billion.

Innodisk is optimistic about its performance in the second quarter, said company chairman Randy Chien during an online investors conference. The company has enjoyed stable growth in demand for industrial and other niche-market applications despite the coronavirus outbreak.

Memory demand for AIoT and 5G applications is expected to grow robustly when the epidemic eases, Chien indicated. The demand outlook remains promising in the long term.

Innodisk generated record-high profits in 2019, when the company saw its shipments increase 20% on year. However, falling memory prices dragged down Innodisk's revenues by 6.4% from a year ago in 2019.

By: DocMemory
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