Macronix International Co (旺宏電子), the world’s biggest supplier of NOR flash memory chips, yesterday posted its strongest first-quarter earnings as robust demand boosted chip prices and offset the effects of component shortages.
Macronix said it expects the upward trend in prices to continue this quarter, or be flat, given strong demand from customers.
COVID-19 lockdowns in China caused an uneven supply of key components, but that would not affect orders, the company said.
“China’s ‘zero COVID-19’ policy has affected its economic growth to some extent,” Macronix chairman Miin Wu (吳敏求) said during an online investors’ conference. “Low-end consumer electronics suffered the brunt, but
The outlook for chip prices next year is good, as a global shortage is expected to persist into next year, Macronix International Co (旺宏), the world’s biggest supplier of NOR flash memory chips, said yesterday.
“We are positive about the first quarter of next year,” Macronix chairman Miin Wu (吳敏求) told an investors’ conference, denying that chip prices would dip amid easing supply constraints as some analysts have said.
“The supply crunch is to last through the whole of next year,” Wu said. “We are running our factories at full capacity.”
The growth is mainly underpinned by 5G-related applications, automotive, industrial devices, servers
Macronix International Co (旺宏), the world’s biggest supplier of NOR flash memory chips, yesterday reported that revenue last month expanded 13.3 percent to a record high of NT$5.68 billion (US$203.2 million), up from NT$5.01 billion in August.
The company has posted monthly revenue highs since April amid robust customer demand for its chips used in servers, automotive parts, medical equipment and industrial products, as well as 5G-related applications.
That brought the chipmaker’s revenue last quarter to NT$14.97 billion on the back of increases in prices and shipments, a surge of 31.32 percent from NT$11.4 billion in the second quarter. On an annual