Nanya loses cash in DRAM market crash

TAIWANESE chip firm Nanya - part of the massive Formosa Plastics chain - turned in a second quarterly loss as a result of continued lack of demand for DRAM chips.

According to the Taipei Times, the usually buoyant "back to school" period proved to be a chimera.

It quotes a Nanya executive as saying there was no demand in a period which is usually pretty strong.

The firm expressed hope that the DRAM market might recover, but not until the middle of next year.

The same report said the Qimonda-Nanya joint venture, Inotera Memories, showed a catastrophic net profit drop of 90 per cent. µ