Get Hired Online from various companies and agencies

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.”

No comments:

Post a Comment

Popular Posts

Join now in our Taiwan Jobs Facebook Group!!!

Join now in our Taiwan Jobs Facebook Group!!!
Click the picture to redirect you in our biggest Filipino online community in Taiwan

Blog Archive