Last quarter, net profit plunged 43.6 percent to NT$911 million (US$32.01 million), compared with NT$1.61 billion in the previous quarter. Earnings per share fell to NT$0.3 last quarter, compared with NT$0.53 a quarter earlier and NT$0.42 a year earlier, the lowest since the second quarter of 2016. For the whole of last year, net profit contracted 19 percent to NT$7.67 billion, from NT$9.83 billion in 2019. Excluding the effect of unfavorable foreign exchange rates, the chipmaker said that net profit last quarter would have surpassed that of 2019. To fund the technology upgrade, Nanya plans to raise capital expenditure for this year to NT$15 billion, from NT$8.47 billion last year.

Source: Taipei Times January 08, 2021 15:56 UTC