Nanya Technology plans to slash 40 percent in manufacturing equipment spending this year and another 20 percent next year, it said. Nanya Technology Corp president Lee Pei-ing poses for a photograph at a new factory in Taipei on April 20. On an annual basis, net profit plunged 64 percent from NT$7.53 billion, Nanya Technology said. “To cope with the market changes, we are scaling back our capital spending,” Nanya Technology president Lee Pei-ing (李培瑛) told an online news briefing. With uncertainty about the external environment rising, Nanya Technology expects DRAM chip prices to extend the downtrend this quarter and next quarter, he said.

Source: Taipei Times October 12, 2022 08:49 UTC