Winbond Announces the Financial Results for the Fourth Quarter of 2010

Hsinchu, Taiwan, January 28, 2011- Winbond Electronics Corporation today announced the results of unaudited financial statements for the fourth quarter of 2010. Revenue for the fourth quarter totaled NT$7.737 billion, down 10% QoQ and up 19% YoY. Net income for the fourth quarter was NT$30 million; earnings per share was NT$0.01. The fourth-quarter revenue and net income fell due to seasonality factors and ASP drop. For 2010, Winbond posted accumulated revenue of NT$31.855 billion, up 63% YoY, net income of NT$3.551 billion, and earnings per share of NT$0.97.


To break down revenue by product lines, Specialty DRAM accounted for 35%, and Mobile RAM 29%; the percentage of NOR Flash remained around 27%. In terms of product performance, Mobile RAM outperformed and its revenue increased, driven by strong cell phone demands. Revenue for the rest of products in the fourth quarter decreased due to seasonality and price drop.


Looking forward into the year of 2011, Winbond will focus on tier-1 customers by providing high quality products with stable delivery, moreover, enhancing competitiveness with technology migration and product portfolio expansion. For Mobile RAM, Winbond will continue to migrate into 65nm product and start 46nm Low power DRAM development. NOR Flash business started shipping to cell phone market and will increase exposure in 3C applications, 58nm mass production on schedule, and will join development with ITRI on RRAM product. The mass production of 46nm Specialty DRAM is planned in 2H11 with focusing on high quality-demanding applications that will minimize the impact of price pressure. As a whole, Winbond holds a cautious and positive perspective on 2011 business.


    James Wen
    Vice President of Finance Center & CFO

News Liaison
    Polly Fan
    Investor Relations Dept.

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