DRAM chipmaker Inotera Memories has reported net profits of NT$52.91 billion (US$1.7 billion), or NT$8.32 a share, on consolidated revenues of NT$82.57 billion for 2014. Both figures marked record highs.

Strong earnings in 2014 narrowed significantly Inotera's accumulated losses to NT$390 million as of the end of 2014, and boosted its cash position to about NT$37 billion, the company disclosed.

Inotera's net value per share soared to NT$17.79 as of December 31, 2014, the company added.

Inotera is confident that it will see another record year in 2015, and be able to write off all accumulated losses, according to company chairman Charles Kau.

In addition, Inotera is considering downsizing its capital in 2015, in order to make effective use of its capital resources, said Kau. The plan will be discussed at the company's upcoming board meeting, and then will require approval from its shareholders.

As for its supply agreement with Micron Technology, Inotera said that negotiations have concluded with a revised deal. Inotera did not elaborate further.

Inotera noted its capex for 2015 remains unchanged at NT$50 billion, and reiterated plans to have 80% of its production capacity enter 20nm production by year-end 2015.