Winbond posts profits for two consecutive quarters
Jessie Shen, DIGITIMES, Taipei [Thursday 24 October 2013]
Winbond Electronics continued to generate net profits in the third quarter of 2013 – the second quarter in a row after the company posted losses over the previous six quarters.
However, Winbond's third-quarter net profits declined 63% sequentially to NT$137 million (US$4.66 million), while revenues slipped 6% on quarter to NT$8.31 billion. The earnings for the quarter translated into a net EPS of NT$0.04.
Of Winbond's third-quarter revenues, specialty DRAM products accounted for 48% followed by NOR flash memory with 41% and mobile DRAM devices with 11%.
Winbond indicated that SDRAM revenues dropped about 2% sequentially in the third quarter, while revenues from its NOR flash segment also registered a sequential decrease due to a slowdown in demand for PCs and handsets as well as intensifying price competition. However, the company continues to grow sales of chips built using advanced manufacturing nodes to improve its cost structure.
Of Winbond's SDRAM revenues, 46nm products accounted for 42% in the third quarter compared to 35% in the second. As for NOR flash, sales of its 58nm chips contributed 46% to the total revenues generated from the segment in the third quarter, the company disclosed.
Sales of Winbond's low-power DRAM chips accounted for 61% of the total revenues generated from its mobile DRAM business in the third quarter, up from 55% in the prior quarter. Winbond added it is also looking to diversify offerings for the segment to mitigate the impact of a shrinking feature phone market.
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