| | | FYI
Samsung Electronics and SK hynix remain downbeat as the global memory chip market outlook grows darker.
Shares of Samsung Electronics, the largest memory chip maker in the world, traded at 59,000 won ($44.69) apiece in Seoul on Thursday morning after gaining slightly from the previous day’s closing price of 58,900 won. The chip stock has been hovering around 60,000 won for weeks.
SK hynix, the world’s second-largest memory chipmaker, is performing worse. Its stock closed Wednesday down 2.6 percent at 78,900 won, marking its first dip below 80,000 won since November 2, 2020. It recovered only slightly on Thursday morning to trade at 79,300 won.
Their bearish move comes amid the worsening outlook for the global memory chip market.
TrendForce in its latest report projected the price of server DRAM chips would plunge 25.3 percent in the fourth quarter as inventory adjustments at clients are taking longer than expected. Server DRAM chips are responsible for more than 40 percent of DRAM sales at both Korean chip giants.
... Blah, blah, blah, high inventory glut and more losses ahead... Blah, blah, blah, doom and gloom server DRAM prices to drop by 25% next quarter... |
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