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Nanya Tech, Inotera report declines in March despite investor hopes for increases

Nanya Technology and Inotera, two of Taiwan's leading dynamic random access memory manufacturers, yesterday both reported declines in March sales.

Nanya Technology posted sales of NT$2.98 billion in March, a decline of 8 percent month-on-month and 20 percent year-on-year. For the first quarter, the firm had sales of NT$8.784 billion, a decline of 18.05 percent compared to the same period in 2011.

Inotera, meanwhile, had March sales of NT$2.52 billion, a decline of 2.7 percent month-on-month and 31 percent year-on-year. For the first three months, the company had sales of NT$9.586 billion, a decline of 17.3 percent year-on-year.

Investors had been expecting both firms to report a rise in sales, after Japan-based Elpida filed for bankruptcy protection, which was anticipated to result in a reduction in supply. However, both firms said China's spring break at the end of last month led to a decline in shipments and lower sales.

“Although prices rose by 6 percent in March, shipments declined by 13 percent,” Nanya Tech said. “The end of the month has always been a busy season for shipments, yet last month was different as China was on spring break.”

The company will, however, ship out the last batch of March orders in the beginning of this month, which is expected to contribute to a rise in both shipments and sales for April, it said.

DRAM prices have experienced a rise lately, with market research firm DRAMeXchange reporting the DDR3 4GB chip was quoted at US$19 at the end of March, a rise of 2.7 percent from the beginning of last month.

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