Graphics card-turned DRAM module maker Walton Chaintech has posted an EPS of NT$1.3 for 2009, returning to profits after losses for two straight years. The company expects to generate higher profits in 2010 as compared to last year thanks to a recovery in DRAM prices, according to company president Taron Chang.
Walton Chaintech is gearing up to expand its own-brand business in Brazil, Russia and eastern Europe in 2010, said Chang. Own-brand products currently account for 70-80% of the company's revenues.
Chang indicated that DRAM modules contribute around 80% to Walton Chaintech's own-bran business revenues, and NAND flash devices make up the remainder.
Chang also revealed the company's fund-raising plan for 2010 in a move to strengthen its financial structure. Walton Chaintech looks to raise about NT$200 million through issuing 12.5 million new shares.
Elpida Memory, Winbond Electronics and Powerchip Semiconductor Corporation (PSC) are among Walton Chaintech's DRAM chip suppliers, according to company sources. As for NAND flash, the module house mainly sources chips from Samsung Electronics and Hynix Semiconductor.