Macronix International Co Ltd

TWSE:2337

Earnings Call Transcript 2022-Q3

[Operator]

Good day, and thank you for standing by. Welcome to Macronix International Company Limited Third Quarter 2022 Earnings Webcast Conference Call. [Operator Instructions] The presentation and discussion contain certain forward-looking statements with respect to the results of operation, financial condition and current expectation.

The forward-looking statements are subject to known and unknown uncertainties and risks that could cause actual results to differ materially from those expressed or implied by such statements. Such risks and uncertainties include, but are not limited to the impact of competitive products and pricing, timely design acceptance by our customers, timely introduction of new technologies, ability to ramp new products into volume, industry-wide shifts in supply and demand for semiconductor products, industry overcapacity, availability of manufacturing capacity, financial stability in end markets and other risks.

The forward-looking statements in this release reflect the current belief of Macronix as of the date of this release, and Macronix undertakes no obligation to update these forward-looking statements for events or circumstances that occur subsequent to such date. Please be advised that today's conference is being recorded.

And now I would like to hand the conference over to Mr. Miin Wu, Chairman and CEO of Macronix. Thank you. Please go ahead, sir.

[Miin Wu, executive]

Thank you, Amber, and thank you for everyone to join the financial -- third quarter financial review. My presentation will be done in Chinese after my welcome remarks, okay?

[Foreign Language]

[Pei-Fu Yeh, executive]

[Foreign Language]

[Miin Wu, executive]

[Foreign Language]

[Pei-Fu Yeh, executive]

[Foreign Language]

[Miin Wu, executive]

[Foreign Language]

[Pei-Fu Yeh, executive]

[Foreign Language]

[Miin Wu, executive]

[Foreign Language]

[Pei-Fu Yeh, executive]

[Foreign Language]

[Miin Wu, executive]

[Foreign Language]

[Pei-Fu Yeh, executive]

[Foreign Language]

[Miin Wu, executive]

[Foreign Language]

Just to confirm, are you implying NOR Flash pricing will be stable in 4Q and stable in 2023?

What I can say is the NOR Flash pricing will be stable in 4Q. So far, my intention is trying to remain stable in 2023. But we will have a global sales meeting in November to see what's going on in the world market.

[Foreign Language]

[Pei-Fu Yeh, executive]

[Foreign Language]

[Miin Wu, executive]

[Foreign Language]

Now could you tell us how much weak Japanese yen affect the ROM sales?

Nothing, okay? No, no, no. The ROM sales strictly depend on our customers' sales capability. It has nothing to do with how we sell the ROM to them. Am I making that sense. Okay. The ROM -- because we're actually working with customer the whole year with a pricing we agreed. So the pricing is in the Japanese yen so I think it's not that the weakness in yen affect the ROM sales.

Actually, it's the whole world economy because they are selling the product to Japan, to U.S.A., to Europe, to the world. So it's the economy situation affect their sales, not weakness in yen, in my opinion. Because actually, weakness in yen has helped them to sell, right?

[Foreign Language]

[Pei-Fu Yeh, executive]

[Foreign Language]

[Miin Wu, executive]

[Foreign Language]

Amber, I think we are done with the financial review. So I hope everybody have a good day.

[Operator]

This concludes today's call. Thank you for participating. You may now disconnect.