DRAM manufacturer Rexchip Electronics has announced that revenues for June slid 14% sequentially and 34% on year to NT$2.82 billion (US$98 million). The company's cumulative 2011 revenues through June amounted to NT$18.53 billion, down 27.6% from a year ago.
With spot prices for 2Gb DDR3 chips having fallen below the US$1.50 mark, Rexchip will need to accelerate its shift to 30nm process technology to reduce costs as 45nm production is now unprofitable, market observers have commented.
Rexchip is set to start 30nm production in July and expects to convert all of its chip production to the node at the end of 2011. The company is a production subsidiary of Elpida Memory.