NAND flash controller vendor Phison Electronics is expected to see revenues continue to decline in December after its November revenues dropped 9.8% sequentially to NT$2.67 billion (US$82.92 million), according to an estimate of industry sources.
Declining NAND flash chip prices and weak demand for flash-based products such as microSD cards contributed to Phison's decreased November revenues, the sources said. However, Phison's November revenues showed an increase of 95.1% from the same month of 2008. For the first 11 months of 2009, revenues totaled NT$22.18 billion, up 26% on year.
The market is expected to remain weak in December due to seasonality. Recent market reports about Hynix Semiconductor planning to scale up substantially its flash chip production in 2010 have further dampened market sentiment, the sources added.