By Wen-Yee Lee
TAIPEI, July 10 (Reuters) - Taiwanese memory chipmaker Nanya Technology said on Friday it plans capital spending of more than T$200 billion ($6.2 billion) next year, roughly four times this year's figure, amid soaring demand for memory chips as it rides an AI boom.
President Pei-Ing Lee told an online press briefing that the preliminary expenditure plan aims to help ramp up spending on a new plant, although the budget has yet to receive board approval.
Lee was speaking after Nanya reported unaudited second-quarter revenue of T$82.55 billion, up 684% from a year earlier. The company's net income surged 1,324% to T$50.19 billion, while gross margin improved to 79.5% from a negative 20.6% a year earlier.
Nanya, whose customers include Nvidia, Qualcomm and Google, expects to spend more than T$50 billion this year, Lee said. Total investment in the new plant will reach about T$480 billion at full production capacity, he added.
TAIPEI, July 10 (Reuters) - Taiwanese memory chipmaker Nanya Technology said on Friday it plans capital spending of more than T$200 billion ($6.2 billion) next year, roughly four times this year's figure, amid soaring demand for memory chips as it rides an AI boom.
President Pei-Ing Lee told an online press briefing that the preliminary expenditure plan aims to help ramp up spending on a new plant, although the budget has yet to receive board approval.
Lee was speaking after Nanya reported unaudited second-quarter revenue of T$82.55 billion, up 684% from a year earlier. The company's net income surged 1,324% to T$50.19 billion, while gross margin improved to 79.5% from a negative 20.6% a year earlier.
Nanya, whose customers include Nvidia, Qualcomm and Google, expects to spend more than T$50 billion this year, Lee said. Total investment in the new plant will reach about T$480 billion at full production capacity, he added.
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