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Technology Stocks : Silicon Motion Inc. (SIMO)
SIMO 49.78-0.6%Jan 21 3:59 PM EST

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From: Elroy10/8/2019 4:44:42 AM
   of 2108
 
Adata expects revenue growth in 4Q19
Monica Chen, Taipei; Jessie Shen, DIGITIMES
Tuesday 8 October 2019

digitimes.com

With memory chip prices bottoming out, Adata Technology will likely post another sequential revenue growth in the fourth quarter, according to the memory module manufacturer.

Adata reported consolidated revenues increased 16.6% sequentially to NT$6.49 billion (US$210.8 million) in the third quarter. The company's cumulative 2019 revenues through September declined around 25% on year to NT$18.47 billion.

NAND flash and DRAM memory prices have bottomed out, while demand for datacenter applications will be picking up gradually, said Adata. The memory module maker is positive about its sales performance during the fourth quarter.

NAND flash demand will be robust in the fourth quarter, driven by greater SSD adoption in PCs and other client devices, as well as continued growth in average content per box for smartphones, Adata indicated.

As for DRAM, the market outlook is subject to more uncertainties due to the ongoing trade disputes between the US and China and the supply of Intel's processors, Adata noted. Nevertheless, the memory prices should fall more slowly.
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