ADATA Technology reported NT$3.41 billion ($106 million) in October revenue, showing a 4.8% increase from September despite a 10% year-over-year decline. The Taiwanese memory module manufacturer’s performance reflects the broader stability in the memory industry, driven by artificial intelligence applications.
The company’s revenue for the first ten months of 2024 reached NT$33.66 billion ($1.05 billion), putting it on track to approach its NT$40 billion target for the year. DRAM module shipments led the growth, with the segment’s revenue jumping nearly 40% month-over-month.
The memory maker points to growing demand from generative AI and cloud applications as key factors supporting industry-wide pricing and profitability. This trend has helped upstream suppliers maintain margins while stabilizing memory prices, potentially influencing future capacity planning.
Looking ahead, ADATA expects continued steady demand in the near term. The company anticipates memory capacity requirements will double across electronic devices, with AI-enabled PCs and smartphones potentially spurring additional demand in 2025. However, these projections come as memory manufacturers globally face pressure to balance supply with uncertain market conditions.