Macronix posts NT$7.1 billion in losses

The China Post staff

Macronix International, a major flash memory chip maker in Taiwan, yesterday confirmed a loss of NT$7.1 billion for the first six months, leaving a negative EPS (earnings per share) of NT$1.9. The company has continued producing flash memory chips over the past few months despite its existing inventory problems and the weakening market demand.

The company yesterday also issued an annual earnings forecast, predicting an annual revenue of NT$19 billion and an annual loss of NT$9.65 billion. The figures will result in a negative EPS of NT$2.