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Qimonda raises Q1 sales, profit

Posted: 26 Jan 2007 ?? ?Print Version ?Bookmark and Share

Keywords:memory? chip? DDR2? Qimonda? Christoph Hammerschmidt?

In the first quarter, memory chip maker Qimonda achieved significant sales growth, mainly by avoiding the extremely competitive PC memory chip market.

The company raised sales by 73 percent to $1.52 billion year-over-year in Q1 of its fiscal year 2007. The bottom line swung to a net profit of $229 million from a loss of $164 a year ago. Compared to Q4 2006, sales declined 5 percent while net profit rose 13.5 percent.

In the quarter, the company achieved significant productivity improvements through its ongoing product conversion to geometries of 90nm and below, said Qimonda CEO Kin Wah Loh. Presently, more than 50 percent of the company's production output features these geometries, Loh explained. According to a press release, the company benefited by higher prices for DDR2 memory products. More than half of the production was sold into non-PC applications.

The biggest part of its production (38 percent) was sold in North America, while 31 percent of the sales were achieved in Asia, 20 percent in Europe and 9 percent in Japan.

For Q2, the former Infineon memory division presented a moderately positive outlook. Bit production will climb by 8 to 12 percent, the company announced. The non-PC share of the production output will remain "significantly" above 50 percent. For the entire FY 2007, Qimonda expects the market to grow 55 to 65 percent in terms of bits and aims at a growth speed in line with market growth.

- Christoph Hammerschmidt
EE Times Europe




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