Winbond net profit edges up 3.17% on demand for chipsBy Lisa Wang / Staff reporterMemorychip maker Winbond Electronics Corp (華邦電子) yesterday reported that net profit last year increased 3.17 percent thanks to strong demand for chips as telecommuters and distance learners required notebook computers and networking equipment amid the COVID-19 pandemic. Net profit increased to NT$1.3 billion (US$45.89 million) from NT$1.26 billion in 2019, a company filing with the Taiwan Stock Exchange showed. Winbond Electronics Corp’s logo is pictured at its Taichung headquarters on Oct. 26 last year. Winbond president James Chen (陳沛銘) told investors in July last year that demand for notebook computers — mostly Chromebooks for students — would continue to drive the chip market. Winbond reported consolidated revenue of NT$6.9 billion for last month, up 87.45 percent year-on-year and 1.32 percent month-on-month.

Source: Taipei Times February 18, 2021 15:56 UTC