According to the Economic Daily News on Taiwan, China, the global NAND Mortgage Venkat (SIMO) published the first quarter of 2023, which received $12.407 million, a reduction of 38 per cent, a reduction of 49 per cent per year, a reduction of 42.3 per cent in the first quarter and a net gain of $11.16 million after the tax.

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The report cites the gallery of the General Manager of Science and Technology, indicating that major clients, including the NAND plant, now agree that the market situation remains extremely challenging. The continued weakness of the PC and smart mobile terminal markets, with downstream supply chains focusing on dematizing stocks, including embedded storage equipment suppliers such as consumer-level SSD and eMMC/UFS, has affected the entry of related control cores.

In the view of the United Nations Voluntary Fund for Victims of Torture, the next single model for some clients was improved from the second quarter, together with the many designs that had been won, with confidence that a sound feedback from the field would be observed by the end of 2023.

It was noted that operational streamlining measures were being actively pursued to ensure profitability and to strive to optimize the cost of manufacturing in order to promote the improvement of the Māori rate; in the operating cost component, in addition to the previous financial statement, which referred to the initiation of measures to reduce the costs associated with the highest pay levels, additional measures would be followed up, including the closure of unprofitable non-core product lines, as well as delays in the development of masks and related costs for selected new chips of research and development projects; it was to be hoped that those measures would protect the overall profitability of companies this year.

It stresses that, despite the difficult market environment, it remains committed to working closely with clients and supply chain partners to share the pain of excessive stock and falling prices, to provide high-cost, efficient and differentiated solutions, while maintaining a leading position in the storage control of chip markets. Believing that, in cooperation with counterparts, the selection of the right design project and the adoption of appropriate measures could lead to long-term profitable growth.