DRAM market conditions in the fourth quarter of 2016 will be better than those in the third quarter, and the outlook for the first quarter of 2017 is also positive, according to Pei-Ing Lee, president for Nanya Technology.

The DRAM market has started to recover since the second half of 2016, following about six quarters of declines, said Lee. Suppliers have been keeping capacity at a rational level, while end-market demand is picking up on seasonality, Lee indicated.

Nanya reported consolidated revenues of NT$3.5 billion (US$110.4 million) for September 2016, up 1.2% sequentially and 8.8% on year. Nanya's cumulative 2016 revenues through September totaled NT$29.54 billion, falling 11.9% from a year earlier.