Macronix expects revenue to rise on demand, pricesBy Lisa Wang / Staff reporterMacronix International Co (旺宏電子), the world’s biggest NOR flash memorychip maker, yesterday said its revenue would grow quarter-on-quarter in the second half of this year due to resilient demand and price hikes. Photo courtesy of Macronix International CoThe company is very confident that its revenue would grow quarter-on-quarter this quarter, Lu said. Following seasonal patterns, the company expects to deplete the inventory by the end of the year, he said. Macronix said its net profit surged 52 percent to NT$2.94 billion (US$98.28 million) last quarter, compared with NT$1.93 billion a year earlier. Gross margin fell slightly to 48.2 percent last quarter from 48.3 percent in the second quarter.

Source: Taipei Times July 26, 2022 23:56 UTC