Nanya Technology saw revenues decrease 5% sequentially to NT$4.72 billion (US$147.22 million) in January 2010, while Inotera Memories' sales slid 14% to NT$4.02 billion. Both DRAM makers have attributed the on-month revenue drops to a price correction in the DDR2 segment as well as impacts from their technology conversion.
Nanya currently has a utilization rate of 67%, or 20,000 wafers per month, for its 12-inch capacity, mainly using 68nm stack technology. The company was quoted in previous reports saying its first-quarter sales would be impacted by a downward price correction for DDR2, and its shift to 50nm would not bring in a solid contribution until the second quarter.
Inotera's January sales drop ended a nine-month streak of sequential revenue growth. The January results reflected falling prices in the DDR2 spot market, according to the company.
Inotera is currently running at only 77% of its total 12-inch capacity, or 100,000 wafers per month, amid a process transition. The company said it expects to ramp production for 2Gb DDR3 chips using next-generation 50nm starting from the second quarter.
Inotera said it has raised a total of NT$14.4 billion through issuing new shares. The funds will be mainly for the company's conversion to 50nm stack.