Friday, May 2, 2003
The prices of the double-data rate (DDR) memory chips continue to drop as dumping from Hynix and few Taiwan companies offers price cut on DDR chips.
Mosel Vitelic Inc. that controls Taiwan's second-largest chipmaker ProMOS Technologies Inc., has been selling the chips for as little as US$2.30 while the spot price of a benchmark of 256 megabit double-data rate chip fell 4.7 percent to US$3.05 from US$3.20, according to Dramexchange.
Mosel, which has NT$4.7 billion (US$135 million) of bonds maturing today, has increased sales of untested memory chips on the spot market since the second week of April, Dramexchange said. Mosel this year took over ProMOS, a computer memory-chip venture with Germany's Infineon Technologies AG. Presently Mosel owns 35 percent of ProMOS while Infineon owns about 25 percent.
ProMOS has incurred huge losses last year, has changed its forecast for this year to a NT$1.1 billion loss from a pretax profit on weaker than expected prices. It earlier forecast a full-year pretax profit of NT$556 million. ProMOS cut its expectation for sales this year to NT$22.3 billion from N$26.3 billion, the company said in a statement to the Taiwan Stock Exchange (TSE).
Meanwhile, local memory makers report first quarter losses. Winbond Electronics Corp., Taiwan's largest maker of memory chips for personal computers and cellphones, said its after sales went down NT$6.7 billion from NT$8.1 billion, decline by 17 percent. Nanya is expecting losses in the first quarter. No figure at this moment.
By: DocMemory
Copyright © 2023 CST, Inc. All Rights Reserved
|
