Winbond Announces the Financial Results for the Fourth Quarter of 2009

Taichung, Taiwan, January 29, 2010- Winbond Electronics Corporation today announced the results of audited financial statements for the fourth quarter of 2009. Net sales totaled NT$6.508 billion, up 14% QoQ and 72% YoY. Net income totaled NT$342 million, an improvement compared to the losses of 3Q09 and the year-ago quarter. Net income per share was NT$0.1. The accumulated revenue from January to December of 2009 was NT$19.533 billion. Net loss after tax was NT$8.613 billion. Net loss per share was NT$ 2.36.

As a result of a focus on Specialty Memory and NOR Flash businesses, Winbond sequentially achieved a QoQ sales growth. Thanks to higher ASPs, better product mix and cost reduction, moreover, both revenue and profit for the fourth quarter increased from the third quarter. Gross margin significantly expanded to 16% from -2% in 3Q09. The Company successfully turned into profit and remained a positive net cash flow during this downturn.

To break down revenue by business, Specialty DRAM, Mobile RAM and NOR Flash accounted for 75% of 4Q09 revenue, an increase compared to the figure of the previous quarter; Commodity DRAM dropped on a quarter-over-quarter basis, followed by the sequential decrease strategy.

In terms of core product segments, revenue from Specialty DRAM increased QoQ attributable to strong demands in consumer markets and upward ASP. Revenue from NOR Flash rose around 30% QoQ driven by market demands and 90nm mass production in 300mm wafer fab. As to Mobile RAM, revenue increased about 60% QoQ thanks to customers’ supports.

In addition, 70nm GDDR3 commenced mass production in 4Q09 and will expect to ship in 1Q10. 65nm GDDR5 will start pilot-run in 1Q10. Winbond’s 300mm wafer fab maintains a flexible manufacturing network that fulfills foundry and sales of own-brand Graphics DRAM product to satisfy customers’ demands, and further enhance the Company’s competitiveness.

Winbond, standing in the positions of stable financial structure, optimums product mix, advanced manufacturing technology and high yield rate, is ready to devote every effort to support the target markets while still challenging. Looking to the first quarter in 2010, Specialty DRAM business expects to maintain stable in the slow season. Sales growth for both Mobile RAM and NOR Flash businesses is expected, due to strong market demands and increasing output of 90nm NOR Flash. As a whole, the Company holds a positive perspective on 1Q10 business.

    Wilson Wen
    Executive Vice President of Memory IC Manufacturing Business Group 

News Liaison
    Mike Liu
    Deputy Director

Contact us

Copyright © Winbond All Rights Reserved.

This website uses cookies to ensure you get the best experience on our website. Learn more