The U.S. company Micron Technology, engaged in the production of semiconductor products, reported the results of its financial quarter which ended on 27 February this year.
The sale of the chip maker are noticeably growing on the background of the purchase of Japanese rival Elpida Memory. The main part of the company’s products are DRAM memory chips and NAND flash memory, SSD and CMOS sensors.
In the last quarter sales of Acer has doubled and was $4.11 billion, Net profit was equal to $731 million, or 61 cents per share. A year earlier, was recorded a loss of $286 million, or 28 cents a share.
If you exclude the cost of acquisition of assets and other expense items, the profit amounted to 85 cents in terms of one security. Analysts polled by Thomson Reuters expected the figure at 76 cents a share on revenue of $3.99 billion
The deal is worth $2 billion takeover of Japanese rival Elpida Memory helped Acer significantly increase production capacity for production of DRAM and closer to market leader Samsung Electronics.