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Technology Stocks : Semi Equipment Analysis

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From: Jacob Snyder	3/30/2011 5:23:14 PM
	1 Recommendation of 95521

Hynix CEO: Global Chip Industry To Improve Toward 2H 3/30/11 Hynix Semiconductor Inc. (000660.SE) expects the global chip industry to "gradually" improve toward the second half of this year, thanks to continuous robust demand for smartphones and tablet-computing devices. Nonetheless, there are several economic risks that may impede the growth of the industry such as fiscal weakness in developed economies, the fallout from the recent earthquake in Japan, and political unrest in the Middle East, O.C. Kwon, chief executive of the Korean chip maker told investors during an annual shareholders' meeting. In addition, Kwon said the stronger Korean currency may adversely impact the company's profitability. "The DRAM chip industry is seen to have bottomed out and is entering a gradual recovery phase. The NAND flash memory chip industry will see favorable market conditions toward the second half of this year on higher demand amid recent price hikes following Japan's (earthquake)," Kwon told reporters after a shareholders' meeting. online.wsj.com

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