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Powerchip, Taiwan's top DRAM chipmaker, sees its 2010 chip output more than doubling from last year as new computers and smartphones spur fresh demand, likely helping it to book a record profit this year.The firm's forecasts came a day before sector leader Samsung Electronics in South Korea unveils its April-June earnings guidance. Samsung is likely to report a record quarterly profit."We've made money in the past three quarters, so we are bottoming out," Powerchip Chairman Frank Huang told reporters after his company posted a second quarter net profit that nearly doubled from the first quarter."It looks like the third quarter will still be good and prices will be stable," Huang said."If (DRAM) prices won't tumble again, I think our profits will likely exceed the peak in 2006," he said, without giving forecasts.Powerchip earned a net profit of T$27.3 billion ($850 million) in 2006 but it had been in the red in the past three years as the global economic slowdown hurt PC sales and chip prices.Powerchip, which is allocating T$13 billion in capital spending this year, also aims to upgrade its process technology to more advanced 45-nanometre from 63-nanometre to help boost efficiency and output.Powerchip said it expects its bit output growth, or growth of memory storage on chips, to hit 20 percent in July-September from the previous three months, helping boost 2010 bit output grow 128 percent from last year.Powerchip, which makes dynamic random access memory (DRAM) chips mainly for PCs, booked an unaudited net profit of T$6.77 billion in April-June, reversing from a loss of T$11.73 billion in the same period a year ago, and higher than T$3.5 billion it earned in the previous three months.Powerchip Technology Corp, renamed from Powerchip Semiconductor Corp in May, gave the results and forecasts after the Taipei stock market closed on Tuesday.The stock rose 3.6 percent, outpacing the main TAIEX share index's 1.46 percent gain.(US$1=T$32.2)(Reporting by Baker Li; Editing by Jacqueline Wong)
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