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Macronix International Refutes Report of General Manager Projecting Gross Margin

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Macronix International (TPE:2337) clarified that a media report quoting its general manager as saying an 80% gross margin is achievable if strong market conditions continue does not constitute official company guidance, according to a Wednesday filing with the Taiwan Exchange.

The clarification followed a report by Taiwan's Economic Daily News stating that General Manager C.Y. Lu was optimistic that the company could achieve an 80% gross margin if favorable market momentum persists.

Shares of the non-volatile memory chip manufacturer were down 10% in Wednesday trading.

Macronix said it does not provide financial forecasts and that its financial and business information should be based solely on disclosures filed through Taiwan's Market Observation Post System (MOPS).

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