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Elpida sales fell 19% in FY2008: US$1.9 billion loss
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Despite 90% Year-on-Year DRAM bit shipment growth and an accelerated migration to 65nm technology, Elpida saw FY2008 sales decline by 19% and generated losses of approximately US$1.9 billion. Elpida noted that the continued oversupply of DRAM and weakening demand saw ASPs decline over 50%. ASPs were below production costs for most of the period.
The DRAM manufacturer plans further cost reductions and continued acceleration to the 65nm node at both Elpida’s and Rexchip Electronics.