Memory Factory Macronix (2337-TW) Today (24) announced the approval of a recurrent capital expenditure budget of 3.05 billion yuan for next year, in order to meet the needs of operating plans, and will continue to invest from the first quarter of next year. The source of funds is self-owned funds and bank financing.
Macronix’s NOR Flash products have also entered the chip supply chain for OLED panels of Apple’s new iPhone 12, with a market share of 50%. Applications in the three major areas of automotive, medical and industrial use will be the main growth drivers for NOR Flash products next year. .
As SMIC was rumored to be implementing supplier export controls by the US government, Wu Minqiu said that some customers have deployed ahead of schedule and the transfer order effect has appeared in the past month. He is optimistic that if the US-China trade war does not stop, the NOR Flash market will definitely be in short supply next year.
Macronix’s net profit after tax in the third quarter was 1.618 billion yuan, an increase of 22% in the quarter and a year-on-year decrease of 13%, and the net profit per share was 0.88 yuan; the net profit after tax in the first three quarters was 4.17 billion yuan, an annual increase of 84.68%, and the net profit per share was 2.27 yuan.
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