Winbond Announces the Financial Results for the First Quarter of 2012

Hsinchu, Taiwan, April 25, 2012- Winbond Electronics Corporation today announced the financial results for the first quarter of 2012. Revenue for the first quarter totaled NT$5.813 billion, up 2% QoQ and down 19% YoY. Net loss for the first quarter was NT$ 646 million; loss per share was NT$0.18. Gross margin was 5%. 

To break down revenue by product lines, Specialty DRAM accounted for 45%, and NOR Flash 39%; the percentage of Mobile RAM remained around 15%. In terms of product performance, thanks to strong business of embedded Flash, the shipments of NOR Flash showed double-digit growth in slow season. The business in mobile Flash reduced to accommodate abnormal market price, however, the complete product portfolio and 58nm Flash products are expected to make business growth and access to automotive markets.

Shipment in HDD has been recovered but the revenue of Specialty slightly declined due to ASP drop in higher density products. 46nm DRAM in volume shipment with focusing on value-add applications will minimize the impact of price pressure.

High density Pseudo RAM drove Mobile RAM business to grow. Low Power DRAM business will start to penetrate in peripheral module of portable electronics. Furthermore, 46nm Low Power DRAM and Pseudo RAM products will be released in late Q2.

Winbond will pursue quality instead of quantity by focusing on value add business, balanced 3C applications and enhancing competitiveness with technology migration. Moreover, Winbond will leverage DRAM and Flash products to deploy memory total solutions to expand business in automotive and industrial applications.

James Wen
    Vice President of Finance Center & CFO

News Liaison
  Mandy  Wang 
    Investor Relations Dept.

    Email YCWang16@winbond.com

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