Nanya Technology Corp. Scored Consolidated Revenue of NT$2.2 Billion

Taipei, Nov. 8, 2012 (CENS)--Nanya Technology Corp. scored consolidated revenue of NT$2.2 billion (US$77.3 million at US$1:NT$29) in October and its affiliated Inotera Memories Inc. had NT$2.9 billion (US$102 million), surging 20.4%and 5.7% from a month earlier, respectively.

Both firms saw their October revenues hit three-month highs, and are still struggling to avoid losing money. Both are DRAM (dynamic random access memory) makers under the Formosa Plastics Group (FPG).

Nanya said its DRAM shipment for October surged 43% from September and the growth rate would have been higher if the average selling price (ASP) had not fallen as steeply as 14.8% in October.

Industry executives estimated DRAM contract prices would hit bottom at the end of November and the two companies' loss would slow down.

Nanya outpaced Inotera in October revenue growth mostly because Nanya has reduced DRAM production and increased shipments of previous inventories.

Nanya executives pointed out that the company began cutting down standard DRAM output by 20% in October and depleting inventories of standard DRAMs while boosting output of niche memories.

FPG executives recently announced the group's determination to shore up the DRAM subsidiaries.

Sources: the companies

(by Ken Liu)