Powerchip Semiconductor Corp.
Powerchip Semiconductor Corp. is principally engaged in the research, development, manufacture and sale of integrated circuits (ICs). The Company offers dynamic random access memory (DRAM) products, including synchronous dynamic random access memory (SDRAM) products, double-data rate (DDR) DRAM products, DDR2 DRAM products, Data Flash products, as well as wafer foundry services. The Company's products are applied in computer telecommunication and consumer electronic industries. During the year ended December 31, 2007, the Company obtained approximately 82% and 18% of its total revenue from its package elements and wafers, respectively. The Company primarily distributes its products in Asia. As of December 31, 2007, the Company had five major subsidiaries, including three wholly owned subsidiaries.
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Wall Street shares closed mixed as investors took a breather after the new year's rally and turned cautious ahead of the payroll and employment data due on Friday. Yesterday Asian shares ended mostly higher following the good performance in Wall Street. Hong Kong's Hang Seng Index was 2.1 per cent higher while Shanghai Composite added 1.2 per cent.
Japanese PC memory maker Elpida Memory Inc (TYO:6665) said its production subsidiary, Taiwan firm Rexchip Electronics Corp, turned profitable in July-September on rising prices of Dynamic Random Access Memory (DRAM). Rexchip is expected to report a net profit of almost 1 billion yen for the quarter, the first time to make operating net profits in five quarters.
Japan's Elpida Memory Inc (TYO:6665) said that it plans to more than double its output of advanced DRAM chips for high-speed computers and servers next month, pushing its shares higher on Monday.
Asian shares broadly fell Tuesday following the declines on Wall Street. But Investors' hopes over the stimulus measures from China and Japan have offset some bleak sentiment led by the US market. Japan's Nikkei 225 Average ended with a modest fall of 0.7% while South Korea's Kospi Composite gained 0.7% and Taiwan's Taiex added 0.2%. Shanghai Composite fell 1.1% and Hong Kong's Hang Seng Index ended 2.3% lower.
Today the major indexes in Asia have been hit by the unfavourable news from the US. Asian share markets ended mixed yesterday indexes moved up and down in a narrow range. Shanghai continued its rally over government stimulus measures with a rise of 1.8 percent, and also led the Hong Kong shares up 0.8 percent. Tokyo and Seoul markets closed slightly lower as market was weighed down by the worries over the US rescue plan.
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