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MXIC net profit soared thanks to their top client Nintendo

Macronix International Co (MXIC) said that its net profit climbed 86% quarter-on-quarter due its high demand from its top client Nintendo Co and stabilizing chip prices.

MXIC’s net profit soared to NT$264 million in the second quarter compared with NT$142 million in the first quarter of 2019. The company’s read-only memory chips showed the fastest growth.

The demand of Nintendo Switch games consoles and the release of their new product help MXIC gain a lot. ROM chips accounted for 29 percent of Macronix’s total revenue last quarter.

“The third quarter is usually a peak season for Macronix. We are pretty optimistic about our business in the second half,”according to Macronix president Lu Chih-yuan . “We have seen strong demand for all of our products, which has led to stabilized prices and increases in shipments.”

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