Mask ROM and flash reminiscence chipmaker Macronix International has reported internet income for the primary quarter of 2019 fell 95% sequentially and 92% on 12 months to an 11-quarter low of NT$142 million (US$4.6 million). EPS for the quarter got here to NT$0.08.
Macronix generated revenues of NT$6.03 billion within the first quarter of 2019, down 33% on each sequential and on-year bases. Gross margin slid 3pp on quarter and 17pp from a 12 months earlier to 25% within the first quarter, whereas working margin fell to 1% from 7% within the prior quarter and 22% within the first quarter of 2018.
Macronix additionally disclosed that as of the top of first-quarter 2019, the corporate had NT$11.06 billion in money and money equivalents, and NT$18.48 billion price of internet stock.
Macronix’ operations ought to have hit the underside of 2019 within the first quarter, stated firm chairman Miin Wu. Falls in NOR flash reminiscence will gradual whereas demand for ROM chips will probably be selecting up.
Macronix has put elevated deal with high-density NOR flash merchandise for a good product combine, Wu indicated. High-density merchandise already accounted for 30% of Macronix’ complete NOR flash gross sales within the first quarter.
Macronix noticed ROM gross sales declined 68% sequentially and 38% on 12 months to account for 21% of firm revenues within the first quarter of 2019. Shipments to its main shopper will begin selecting up within the second half of 2019, when Macronix’ ROM shipments are anticipated to climb considerably, Wu stated.
In addition, Macronix has already delivered samples of 19nm SLC and MLC NAND flash chips, with quantity manufacturing slated for the second half of 2019, in accordance with Wu.
Macronix chairman Miin Wu
Photo: Shihmin Fu, Digitimes, April 2019
