Q3 2024 Nanya Technology Corp Earnings Call Transcript
Key Points
- Nanya Technology Corp (TPE:2408) reported a year-over-year revenue increase of 5.1%, indicating some growth despite quarterly challenges.
- The company is advancing its technology with the production of second-generation 10-nanometer class DDR4 and DDR5, which is on schedule.
- Nanya Technology Corp plans to increase its DDR5 production capacity, expecting significant contributions starting in Q1 2025.
- The company maintains a high utilization rate near 100%, indicating efficient use of its production capacity.
- Nanya Technology Corp is strategically shifting its production focus to DDR5, which is expected to have a higher margin compared to DDR4.
- Nanya Technology Corp experienced an 18% decline in quarterly revenue compared to the previous quarter, primarily due to a power outage and economic downturns.
- The company reported a net loss of TWD1.487 billion for Q3 2024, with a negative margin of 18.3%.
- A power outage caused by a lightning strike resulted in a significant loss of TWD475 million, impacting production and financial results.
- The demand for DRAM in general PC, mobile, and consumer products is slower than expected, affecting overall sales.
- Nanya Technology Corp faces challenges from increased power tariffs in Taiwan, which have risen by nearly 50%, impacting operational costs.
(spoken in foreign language) Welcome to Nanya Technology's 2024 third-quarter earnings conference call. (Operator Instructions) The conference will be held only in English for investors around the world.
Today's conference will be approximately 60 minutes. Nanya Technology's President, Dr. Pei-Ing Lee, will summarize our operations in the third quarter of 2024, followed by our guidance for the next quarter and key messages. And then, Nanya Technology's Executive Vice President, Dr. Lin-Chin Su; Vice President, Mr. Joseph Wu; and Financial Executive, Mr. Philip Jao will join us as we open our Q&A session.
Today's presentation materials are available for download at Nanya Technology's website at www.nanya.com.
As usual, we would like to remind everyone that today's discussions may contain forward-looking statements that are subject to significant risks and uncertainties, which could cause the actual results to differ materially from those contained in the forward-looking statements. And please refer to the Safe
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