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Memory chip prices to skyrocket, says chief

Samsung sings
Mon Aug 20 2007, 17:41
SOUTH KOREAN chip maker Samsung is expecting the price of memory chips to go through the roof.

Chu Woo-sik, chief of Samsung's investor relations team told Associated Press that the market demand for DRAM and NAND chips is really strong. As a result the outfit can raise its contract prices.

While not saying how much Samsung will increase the price of its chips, Woo-sik said that he expected the operating profit in its memory chip business to double or triple from the previous quarter.

Samsung and analysts all think that the third-quarter will be the time that DRAM prices rebound. Flash memory chips and liquid crystal displays have been dropping off of late, but it looks like prices of these will pick up as well.

Woo-sik said that the NAND chips were going out of the factory really fast thanks to a boom in high-end handsets and portable multimedia players.

DRAM chips are also selling well as parents buy their kiddies computers as the fruit of their loins go to school and need a new lappy. There's more here. µ


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