Monday, 20 August 2007

Memory Chip prices to skyrocket says chief

Chip manufacturer Samsung are expecting to be able to triple current operating profit levels as it predicts memory prices are about to 'go through the roof'.

Reported in the Inquirer:
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.

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