SRAM market for Cypress bottoms out-CEO
Mon May 22, 2006 7:42 PM ET
SAN FRANCISCO, May 22 (Reuters) - "The shrinking market for a type of memory chip known as SRAM appears to have bottomed out, the head of chipmaker Cypress Semiconductor Corp. (CY.N: Quote, Profile, Research) said on Monday.
"SRAMs have been hammered as far into the mud as they can be hammered," Cypress Chief Executive T.J. Rodgers told an investor conference.........
............."We are allocating SRAMs right now. We have given up even pretending like we can supply on time," Rodgers said.
"On selected accounts where they have played hardball with us saying, 'We'll pay 80 cents, do you want our business?', we've had the glorious feeling of saying, 'The price is $1.60, do you want some RAMs?'," Rodgers said.
In the SRAM market, Cypress competes with other top memory makers such as South Korea's Samsung Electronics (005930.KS: Quote, Profile, Research).............." |
