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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Da Rookie who wrote (7885)	2/7/2020 2:04:58 PM
From: Kirk ©	Respond to of 26721

Memory chip prices to hit bottom for 2020 in 1Q, says Adata chairman Siu Han, Taipei; Jessie Shen, DIGITIMES Friday 7 February 2020 Memory chip prices will arrive at their lowest levels for 2020 in the first quarter, according to Simon Chen, chairman for memory module maker Adata Technology. The coronavirus outbreak has brought uncertainty to the world economy, said Chen, adding that recovery in end-market demand this year could be disrupted. However, memory chips will be in short supply this year, driven mainly by growing demand for gaming consoles and other devices, Chen indicated. Adata reported consolidated revenues of NT$1.88 billion (US$62.5 million) for January 2020, down 10.2% on year and 24.2% sequentially. Revenues are expected to register sequential increases starting February or March, when working days resume to normal, Chen said. End-market demand from China could be suppressed in the short term due to the coronavirus outbreak, Chen suggested. The demand outlook in the longer term remains promising, however, Chen said. Adata is also gearing up to replenish inventory for robust demand for 5G and data center applications, according to Chen. The module firm will be pursuing profit growth this year, said Chen. Fellow company Innodisk, specializing in industrial memory devices and solutions for other niche-market segments, remains optimistic about its operations this year. The company indicated it has had sufficient inventory to support its shipments and is so far unaffected by the outbreak. digitimes.com