Walton Advanced Engineering, a Taiwan-based provider of memory IC packaging/testing services, has said its is conservative about the market in second-half 2012. The firm's 2012 primary development target is mobile DRAM. The firm has been shifting capacity from standard DRAM to mobile DRAM, added Walton.

From past experience, the price of DRAM has been steady at a low level. Despite the revival of the market in second-quarter 2012, growth has been limited, said industry sources.

Nevertheless, the growing demand for mobile devices has been causing upstream and downstream memory product firms to anticipate high shipments of mobile DRAM in 2012.

Starting in second-quarter 2012, Walton has been shifting some standard DRAM capacity to mobile DRAM production to decrease delivery times. Walton noted that mobile DRAM orders have been increasing and will likely account for more than 50% of total orders in third-quarter 2012.

Walton announced at its shareholders meeting on June 13 it will not give out dividends for 2011.

In addition, the firm decided to issue new shares through private placement. The limit for the new shares is 80 million and the firm hopes to raise NT$800 million (US$26.7 million).