Macronix reports losses of over NT$5 billion for 2012

Josephine Lien, Taipei; Steve Shen, DIGITIMES [Wednesday 30 January 2013]

Macronix International has reported net losses of NT$1.78 billion (US$60.22 million) for the fourth quarter of 2012, bringing total losses for the year to NT$5.44 billion. EPS for 2012 was negative NT$1.55.

Macronix also reported revenues of NT$5.73 billion for the fourth quarter of 2012, down 21% sequentially and 32% on year. Fourth-quarter gross margin was 3% compared to 11% in the previous quarter.

For 2013, Macronix expects sales of 45nm ROM products to account for 46% of its total revenues, while sales generated from 75nm NOR flash devices will make up another 31%, said company president Chih-Yuan Lu.

Macronix also plans to launch hybrid memory products (ROM paired with NOR flash or ROM paired with NAND flash) in the third quarter of 2013, targeting the digital gaming and telematics segments, Lu revealed.

The company's capacity utilization rate will improve to 93% in the first quarter of 2013 compared to 75% in the previous quarter, Lu added.

Macronix expects its capex for 2013 to reach NT$3.6 billion, increasing from NT$2.7 billion spent in 2012, said the company.