Memory giant Nanya reported consolidated revenue of NT$2.585 billion for September 2024, down 7.76% from August and 5.12% year-on-year. Despite this, cumulative revenue for the first nine months of 2024 rose 30.06% compared to the same period in 2023, reaching NT$27.557 billion.
Nanya’s general manager, Li Peiying, highlighted the ongoing short supply of high-bandwidth memory (HBM) and DDR5 products, which is expected to bolster the DRAM market in the latter half of 2024. The rise of AI applications is likely to fuel new demand for DRAM, especially in server and AI infrastructure markets. However, geopolitical tensions and weak regional economies continue to dampen demand for traditional DRAM products.
While AI-related DRAM demand grows, particularly in servers and smartphones, broader consumer electronics sales remain sluggish. Nanya’s second-quarter revenue underperformed market expectations due to lower-than-expected DRAM contract prices and weak overall demand. As suppliers focus on increasing HBM production capacity, traditional DRAM supply may tighten, impacting Nanya’s profitability.
Nanya will hold a corporate briefing on October 9 to address the current memory market conditions and provide insights into its third-quarter financial results.
