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Powerchip Tech posts NT$22.13 bln-loss for 2011

Feb. 2, 2012 (China Knowledge) - Taiwan-listed Powerchip Technology Corp, formerly known as Powerchip Semiconductor Co, a leading memory-chip maker on the island, suffered a net loss of NT$22.13 billion last year, sources reported.

Net loss for the fourth quarter of 2011 reached NT$8.87 billion, principally dragged down by increased supplies and reduced PC demand, said Powerchip Technology.
The chip manufacturer's loss per share was NT$4.00 in 2011, and the firm's total revenue stood at NT$37.72 billion in the year.
Vice President and Spokesperson Eric Tang said the company has cut production to reduce cash outflows as the prices of dynamic random access memory or DRAM continued declining last quarter.  

Powerchip Technology has successfully increased revenue from non-commodity DRAM business from 20% in the first quarter of 2011 to over 60% in the fourth quarter, Tang added.

The Taiwanese chip maker expects to have a monthly output capacity of 60,000 12-inch wafers with brand in its own rights.

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