Taiwan’s Nanya Technology Corp. reported its second consecutive annual loss as memory chip prices remained under pressure throughout 2024.
The DRAM manufacturer posted a full-year net loss of NT$5.08 billion ($160.3 million), with losses per share reaching NT$1.64. Fourth-quarter revenue dropped 19.2% from the previous quarter to NT$6.58 billion ($207.7 million), while operating losses widened to NT$2.81 billion.
The company’s fourth-quarter performance was hit by double-digit percentage declines in DRAM average selling prices, coupled with a high single-digit drop in sales volume. The quarterly gross margin fell into negative territory at -10.6%, deteriorating by 13.8 percentage points from the third quarter.
Nanya’s quarterly loss per share stood at NT$0.51, while book value per share was NT$53.27 as of December 31. The company noted that the financial figures are preliminary and subject to auditor review.
The continued losses reflect ongoing challenges in the global memory chip market, where oversupply and weak demand have pressured manufacturers’ margins despite recent signs of stabilization in the sector.
