Unfavorable fallout from the COVID-19 pandemic would cause a “slight setback” to revenue this quarter, compared with last quarter’s NT$19.41 billion (US$656.8 million), Powertech president Hung Chia-yu told investors in a teleconference. However, revenue this quarter is forecast to surpass the NT$17.71 billion the company made in the third quarter last year, he said. Photo: Hung Yu-fang, Taipei TimesThat would mean the quarter-on-quarter setback would be within 9 percent. However, Powertech said that it was maintaining its target of posting record-high revenue this year. Demand for replacement 5G smartphones and the installation of more base stations for 5G networks would fuel demand for memory chips in the third quarter, Hung said.

Source: Taipei Times July 21, 2020 15:56 UTC