Nanya's Profit Will Lag Forecast as Memory-Chip Prices May Fall
By Alan Patterson
quote.bloomberg.com
Taoyuan, Taiwan, May 3 (Bloomberg) -- Nanya Technology Corp. said second-quarter profit will lag its forecast as demand and prices for memory chips may fall after the collapse of talks to sell Hynix Semiconductor Inc.'s assets to Micron Technology Inc.
Taiwan's biggest computer memory-chip maker cut its target from the NT$2 billion ($58 million) it forecast last month, without giving revised numbers. Nanya, which supplies to Dell Computer Corp., the world's biggest personal-computer maker, said demand from companies for computers has yet to rebound.
The failure of Boise, Idaho-based Micron, the second-largest memory-chip maker, to buy the assets of next-largest rival Hynix will also depress prices as the debt-laden Korean chipmaker needs to boost production and raise cash to stay in business, Nanya said.
``Prices should improve by the third quarter, but it depends on demand in the U.S,'' Charles Kau, a Nanya vice president, told investors. |
