DRAM market conditions will be better in the third quarter of 2015, recovering from the bad first half of the year, according to Charles Kau, chairman for Inotera Memories.

Nevertheless, it is not clear whether DRAM prices will stop falling and rebound in the third quarter, said Kau.

Inotera on May 11 signed a NT$15.6 billion (US$508 million) five-year syndicated loan agreement with a consortium of local banks in Taiwan. With the new funds, the company will have more flexibility, Kau indicated.

Kau added Inotera does not consider downsizing its capital. But the company plans to start distributing dividends to shareholders in 2016, Kau noted.

Inotera reported record revenues and profits for 2014. Net EPS for the year came to NT$8.32.

In 2014, non-PC DRAM products accounted for 60% of Inotera's total revenues. The company will continue to improve its product mix in 2015, while making progress in the transition to 20nm process technology, Kau indicated.

Kau reiterated Inotera's plans to have 80% of its total production capacity to be built using a newer 20nm node by the end of 2015.

Inotera's targeted capex of NT$50 billion for 2015 remains unchanged.