Net profit expanded to NT$1.62 billion (US$56.05 million), from NT$1.33 billion in the second quarter. On an annual basis, net profit slumped 13 percent from NT$1.85 billion, or NT$1.01 a share, due to a higher tax payment, the company said. Macronix International Co chairman Miin Wu is pictured at the company’s headquarters in Hsinchu on May 27. “Prices for NOR [flash memory chips] are quite stable. Macronix is evaluating expanding its 12-inch wafer capacity to cope with rising customer demand for its first 3D NAND flash memory chips, but no plan has been finalized, the company said.

Source: Taipei Times October 26, 2020 15:56 UTC