Wednesday, January 24, 2007
Qimonda reported the fiscal first quarter net profit of 177 million euros compared to a loss of 127 million euros a year ago. Sales jumped 73 percent to 1.17 billion euros ($1.52 billion) year-over-year.
In the quarter, the company achieved significant productivity improvements through its ongoing product conversion to geometries of 90-nm and below, said Qimonda CEO Kin Wah Loh. Presently, more than 50 percent of the company's production output features these geometries, Loh explained.
According to a press release, the company benefited by higher prices for DDR2 memory products. More than half of the production was sold into non-PC applications.
For the entire FY 2007, Qimonda expects the market to grow 55 to 65 percent in terms of bits. Qimonda aims at a growth speed in line with market growth.
By:
Copyright © 2023 CST, Inc. All Rights Reserved
|
