Nanya cuts capital expenditure by 19%FORECAST: The DRAM chipmaker said its average selling price would drop a little this quarter, but that supply and demand would begin to balance out in the fourth quarter Nanya Technology Corp (南亞科技) yesterday reduced its capital expenditure by about 19 percent for this year after posting its third straight quarterly loss last quarter, as chip prices dipped for the fifth quarter in a row due to oversupply and flagging demand. The New Taipei City-based DRAM chipmaker expects its average selling price to drop slightly this quarter from last quarter, following a low single-digit percent decline last quarter. “We have a mixed picture for the third quarter. Prices for some products are picking up mildly, while some are declining,” Nanya Technology president Lee Pei-ing (李培瑛) told a virtual media briefing. The DRAMBy Lisa Wang
