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Inotera puts on hold plan of capital reduction

  • Author:Abby
  • Release on :2015-03-31

Inotera Memories has put on hold plans to cut its capital, according to Charles Kau, chairman for the Taiwan-based DRAM maker.

Inotera said previously that it was considering downsizing its capital later in 2015, in order to make effective use of its capital resources.

Inotera disclosed it currently has about NT$40 billion (US$1.3 billion) in cash on hand.

In addition, Kau expressed optimism about the DRAM market in 2015. DRAM prices are expected to stop falling in the second quarter, and stabilize though the last quarter of the year driven by brisk demand for mobile devices and servers, Kau indicated.

DRAM prices fell in the first quarter of 2015, due mainly to sluggish demand for PCs, Kau said.

Kau also noted that 2015 will be another good year for the DRAM industry, which had boom years in 2014 and 2013.