TrendForce Reports Profits Stabilize for Memory Makers as Global Mobile DRAM Prices Resist Further Decline
According to DRAMeXchange, a division of Trendforce, the worldwide mobile DRAM revenue reached US$3.576 billion in the first quarter, a decline of less than 1% QoQ. Mobile memory sales accounted for 29.8% of total DRAM industry revenue in the first quarter and is expected to keep growing. According to DRAMeXchange’s Assistant Vice President Avril Wu, the additional 23nm production from Samsung boosted the first quarter’s mobile DRAM shipments by 8.2% QoQ. Furthermore, the average selling prices for mobile DRAM have been relatively steady. These factors contribute to the ongoing growth of the global mobile DRAM revenues.
Shares of Micron Technology(MU) were trading almost 2% lower in Tuesday's pre-market session after the semiconductor device company appointed Ernie Maddock as chief financial officer and vice president of finance, effective June 1.
Maddock previously served as chief financial officer at California-based Riverbed Technology, and has also held several executive positions at Lam Research