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Technology Stocks : Semi Equipment Analysis
SOXX 303.84+1.3%Dec 22 4:00 PM EST
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From: Sam12/6/2018 9:27:35 PM
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Shipment outlook hits Nanya shares
By Lisa Wang / Staff reporter



Nanya Technology Corp (????) yesterday saw its shares tumble 8.23 percent after the DRAM chipmaker cut its shipment forecast for this quarter, as US-China trade tensions and supply constraints on microprocessors from Intel Corp took their toll.

The memory chipmaker said shipments would decline by about 15 percent this quarter, as higher US tariffs on Chinese goods curtailed end demand and caused production line issues in the supply chain.

In October, the company forecast a flat quarter this quarter in terms of shipments.

For the full year, shipments are expected grow at a slower pace of 40 percent year-on-year, compared with the firm’s original estimate of 48 percent, Nanya Technology said in a statement.

Nanya Technology posted revenue of NT$5.4 billion (US$175.29 million) for last month, a 19.67 percent decline from October’s NT$6.73 billion.

Due to flagging demand, shipments dropped by about 15 percent, while the chipmaker’s average selling price dipped 1 to 3 percent from October, the firm said.

Revenue shrank 5.95 percent year-on-year from NT$5.74 billion.

continues at taipeitimes.com
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