{"id":5168,"date":"2012-02-02T05:33:28","date_gmt":"2012-02-02T05:33:28","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=5168"},"modified":"2012-02-02T09:15:07","modified_gmt":"2012-02-02T09:15:07","slug":"elpida-seen-posting-1-6-billion-annual-loss-nhk","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/hardware\/5168\/elpida-seen-posting-1-6-billion-annual-loss-nhk\/","title":{"rendered":"Elpida seen posting $1.6 billion annual loss: NHK"},"content":{"rendered":"

Japanese chipmaker Elpida Memory Inc<\/a> is likely to post a net loss of 120 billion yen ($1.6 billion) for the year ending in March, public broadcaster NHK reported on Thursday, as it struggles with a tough market and imminent debt repayments.<\/p>\n

Elpida, Japan’s last remaining maker of dynamic random-access memory (DRAM), is battling falling prices, a strong yen, and loss of market share to better-funded rivals in South Korea, including Samsung Electronics<\/a>.<\/p>\n

The chipmaker, which is reportedly seeking a tie-up with Micron Technology<\/a> of the United States and Taiwan’s Nanya Technology<\/a> to shore up its balance sheet, is due to announce earnings for the April-December period at 3 p.m. (0600 GMT).<\/p>\n

It is expected to post a 40 billion yen operating loss for the October-December quarter, the Nikkei business daily reported last week.<\/p>\n

That compares with the average estimate of a 37.6 billion yen loss in a poll of six analysts by Thomson Reuters I\/B\/E\/S.<\/p>\n

The firm faces a late March redemption of 15 billion yen in corporate bonds and an early April deadline for repayment of 77 billion yen in loans taken out under a government-backed rescue package, and its lenders have given it until this month to devise a turnaround plan, sources have said.<\/p>\n

Elpida shares were down 0.3 percent at 323 yen in early morning trade, versus a 0.8 percent rise in the Nikkei average.<\/p>\n","protected":false},"excerpt":{"rendered":"

Japanese chipmaker Elpida Memory Inc is likely to post a net loss of 120 billion yen ($1.6 billion) for the year ending in March, public broadcaster NHK reported on Thursday, as it struggles with a tough market and imminent debt repayments.<\/p>\n","protected":false},"author":7,"featured_media":4145,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22],"tags":[25,467,135,143,52],"class_list":["post-5168","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-hardware","tag-active","tag-chips","tag-earnings","tag-elpida","tag-samsung"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/5168","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=5168"}],"version-history":[{"count":4,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/5168\/revisions"}],"predecessor-version":[{"id":5211,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/5168\/revisions\/5211"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/4145"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=5168"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=5168"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=5168"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}