Highlights of the day: Several IT enterprises to enjoy robust 2H20

Despite the impact from the coronavirus pandemic, several IT enterprises are still having good visibility for the second half of 2020 with Nanya expecting DRAM contract prices to continue picking up in the third quarter because of demand from remote work and online studying. Meanwhile, Mitac is enjoying an ongoing ramp-up of datacenter server orders, which are likely to last into the second half. Memory backend specialist PTI, despite US' new trade ban on Huawei, still expects its performance to continue rising for the latter half of the year.

Nanya expects DRAM contract prices to continue rally in 3Q20: Nanya Technology expects DRAM contract prices to continue rising in the third quarter of 2020, as demand arising from stay-at-home economy remains robust.

Mitac eyes datacenter servers as growth driver for 2020: Taiwan's Mitac Group expects robust shipments for cloud and datacenter servers to drive its revenue growth in 2020 after pushing up its first-quarter revenues by 15.9% on year to NT$8.684 billion (US$289.456 million), with second-quarter revenues to likely to grow further to NT$9.2 billion, according to company sources.

PTI sees little impact of US ban on Huawei: Memory backend specialist Powertech Technology (PTI) expects new US trade sanctions against Huawei not to significantly affect its operations, but it will take 1-2 weeks for the company to observe possible impact on its US clients, according to company chairman DK Tsai.