2012/01/18
Nanya Technology Reports the Fourth Quarter and Year 2011 Results
Taoyuan, Taiwan, January 18th, 2012 – Nanya Technology Corporation, (TAIEX: 2408), today announced its fourth quarter and year 2011 results, ended on December 31st, 2011. Nanya’s sales revenue in the fourth quarter is NTD 7,218 million, a decrease of 1 percent compared to the third quarter in year 2011, and 39 percent decrease year-over-year. Operating loss in the quarter was NTD 9,181 million. The company posted its net loss of NTD 10,991 million in the fourth quarter or negative NTD 0.84 per diluted share (the earnings per share calculation is based on the weighted average outstanding shares of 4,980 million). The 2011 annual sales revenue is NT$36,741 million, 35 percent decrease compared to last year’s. In year 2011, the sales volume increase 53 percent year-over-year, and average selling price (ASP) decrease 55 percent, and New Taiwan Dollar appreciated 6 percent. Operating loss in year 2011 is NTD 33,161 million and the net loss was posted of NTD 39,880 million. All numbers are unaudited.
New Growth Opportunities Expected from 3D Ultra High Definition TV in 2012
NPD Display estimated 2012 worldwide TV shipment to reach 254 Million sets of which 3D TV was expected to account for 11 percent of the market from 7 percent in 2011. According to IHS iSuppli, since many 3D channels will begin broadcast in China this year, 3D TV market in China was expected to reach 20 Million sets, accounting for 48 percent of the China TV market. On top of the popularity of 3D TV, Ultra High Definition TV is expected to become the mainstream of the next generation TV because many international TV makers are actively developing the function of Ultra High Definition. The DRAM consumption in one Ultra High Definition TV is expected to be higher than that in one average TV.
Nanya Technology provides a complete product portfolio including 512Mb~1Gb DDR2 1066 to 1Gb~4Gb DDR3 1600 for TV market. The advanced high quality DDR3 products are able to satisfy the needs of worldwide TV makes to develop 3D, Ultra High Definition and other advanced features.
Booming growth of 4G LTE Mobile Handset Shipments Heading into 2012
In order to accelerate the prevalence of LTE (Long Term Evolution) commercial services, U.S. Telecom vendors including Verizon, AT&T, Sprint and MetroPCS launched LTE mobile devices in succession prior to 2012 CES exhibition. Meanwhile, Chinese Telecom vendors such as China Mobile also promote TD-LTE development actively. It is expected to be the focus of the next-generation communication network in China. IHS iSuppli pointed out that global 4G LTE users could reach a million with 40-fold growth compared to 2010 and the number will further increase 44 percent year-over-year in 2012. Nanya Technology has ridden this wave and entered the supply chain of LTE mobile phones. The mass production is planned to be in Q1 and is expected to contribute to Q2 and Q3 revenue growth.
On the other hand, Nanya Technology plans to launch and ship the sample of 4Gb LPDDR2 mobile DRAM in 30nm in Q1’12. Not only could the speed be up to 1066 Mbps, but the package will be smaller and thinner in order to meet the requirement of lightness in mobile devices.
Nanya Provides Complete Product Line to Seize Opportunities of Ultrabook
Nanya Technology launched 1.35V DDR3 4Gb (X8/X16) 1333 ~ 1600 samples, qualified on Intel Ivy Bridge platform in the end of 2011, to seize the grand opportunities of Ultrabook™ market. The company plans to mass produce these products in the first quarter of 2012, and in the meantime, these memory chips will be shipped to major Notebooks makers. On the other hand, for the upcoming Intel Haswell platform expected to launch in 2013, Nanya is ready to submit samples in 1Q 2012 and be qualified in 2Q 2012.
Ultrabook產品成長可期，南亞科技全面供貨
針對Ultrabook市場商機，南亞科技推出1.35伏特DDR3 4Gb(X8/X16) 1333~1600的樣品，已於去(2011)年底完成Intel Ivy Bridge平台認證，預計今(2012)年第一季將量產供給各大品牌筆電大廠。另外，針對2013年Intel將推出的Haswell平台，南亞科技計劃於今年第一季進行平台認證，預計第二季將可完成認證，為2013年量產準備。
2012 Outlook
The bit growth in the first quarter of 2012 remained flat compared to the previous quarter. Nanya’s Capital expenditure (capex) for year 2012 is estimated to be NTD 3.4 billion, mainly for equipment purchase and technology migration. Nanya started its 30nm volume production of 4Gb DDR3 DRAM in the first quarter of 2012, and this advanced memory product will be ready for diverse applications such as server, personal computing and high-end digital consumer products. Nanya Technology Corp. received a total amount of NT$30 billion from four FPG companies for 10.8 billion new shares at NTD 2.77 per share through private placement in November 2011.
4Q 2011 Income Statement
Note 1: COGS includes inventory write-down of NT$1.2 Billion
Note 2: COGS includes inventory write-down of NT$2.2 Billion
Note 3: COGS includes inventory write-down of NT$2.3 Billion
2011 Income Statement
Note 1: COGS includes inventory write-down of NT$3.0 Billion
Note 2: COGS includes inventory write-down of NT$2.2 Billion
Disclaimer
This press release contains forward-looking statements. These statements relate to future events or our future financial performance. These statements are only predictions. Actual events or results may differ materially. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. Moreover, neither we nor any other person assumes responsibility for the accuracy and completeness of the forward-looking statements. We undertake no duty to update any of the forward-looking statements after the date of this press release to conform such statements to actual results or to changes in our expectations.
Readers are also urged to carefully review and consider the various disclosures made by us which attempt to advise interested parties of the factors which affect our business.
About Nanya
Nanya Technology Corporation, a member of the Formosa Plastics Group, is industry leading pure-play consumer Memory Company, focusing on research and development, design, manufacturing, and sales of consumer and Low Power DRAM products. Nanya plans to enlarge market share in the high value-added DRAM market segment. NTC’s common stock is traded on the Taiwan Stock Exchange Corporation (TWSE) under the 2408 symbol. The company currently owns 300mm fabrication facility in Taiwan and starts its 30nm stack process technology mass production in year 2012. The company also has a 300mm joint venture, Inotera Memories, Inc., which operates two 300mm fabrication facilities in Taiwan. Further information is available at http://www.nanya.com