TAIPEI -- Macronix International, a leading memory chip maker in Taiwan and a key supplier to Nintendo, Sony, Huawei and Apple, has forecast a steady recovery in market demand and a rebound in memory chip prices in 2020, even as China continues to roll out financing programs to fund the country's own nascent semiconductor industry.
"We see 2020 as being a relatively robust year, and we see room for memory prices to rebound given the supply-demand situation," Miin Wu, chairman and CEO of Macronix, told the Nikkei Asian Review in an interview. "As a leading indicator, the chip industry is like ducks in a river who know spring is coming ahead of other people."
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