Winbond Raises Capex to NT$49.4 Billion as Memory Shortages Keep Capacity Tight and Utilization Near 100%
businesscompany-earnings 1 posts · 1 accounts
Winbond raised its capital-spending plan to NT$49.41 billion ($1.56 billion), NT$7.3 billion above its previous plan, as ongoing memory-chip shortages kept capacity tight and pushed utilization to nearly 100%. President PM Chen said the company is spending more time with equipment vendors than customers as it works to speed up expansion.
The higher spending comes as Winbond's first-quarter revenue rose 43.7% to NT$38.3 billion, gross margin increased to 53.4%, and net profit reached NT$10.12 billion.
From the sources (1 posts)
@dnystedtWinbond raised its capex to NT$49.41 billion (US$1.56 B), up NT$7.3 billion over the prior plan amid “incredibly tight” capacity due to ongoing memory chip shortages, with President PM Chen saying he’s spending more time with equipment vend