Memory manufacturer Macronix reported NT$2.653 billion in revenue for September 2024, a slight decline of 1.6% from August but a 6.1% increase year-over-year. Cumulative revenue for the first nine months reached NT$19.971 billion, down 8.5% from the same period in 2023, largely due to the lingering effects of a second-quarter earthquake that incurred NT$300 million in losses, even after insurance claims.
Macronix expects performance in the second half of 2024 to outpace the first, though third-quarter results may not match historical levels. CEO Lu Zhiyuan expressed optimism, indicating a potential return to a dividend of NT$1.5 per share.
Product-wise, while the NOR Flash automotive sector remains sluggish, demand in computing, consumer electronics, and communications has rebounded, reaching 2022 levels. This trend has bolstered NOR Flash performance in Q3, with higher prices projected for H2 2024. The company’s 3D NOR Flash is set for customer trials in November, with sales targeted for 2025, while its 192-layer NAND Flash is anticipated to complete certification by year-end, potentially supporting further growth as Macronix diversifies its product portfolio.
