BUZZ-Memory chip makers rise after reports chip shortages to increase memory prices
Reuters
Jan 05
BUZZ-Memory chip makers rise after reports chip shortages to increase memory prices
** Shares of memory chip companies rise premarket after reports say chip shortages to increase memory prices
** Micron Technology MU.O up 3.5%, SanDisk SNDK.O up 4.2%, Western DigitalWDC.O up 3.4%
** Applied DigitalAPLD.O up 2.6%, Seagate Technology STX.O up 2.5%
** Samsung Electronics005930.KS and SK Hynix000660.KS are pushing for server-memory price increases of as much as 70%, according to a report by The Korea Economic Daily
** Samsung Electronics co-CEO T M Roh also told Reuters that the global shortage of memory chips was "unprecedented"
(Reporting by Tharuniyaa Lakshmi in Bengaluru)
((tharuniyaa@thomsonreuters.com))
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