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Technology Stocks : Micron Only Forum

MU 201.37

-10.9%

3:59 PM EST

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To: Carl R. who wrote (40646)	11/3/1998 11:29:00 PM
From: DJBEINO	of 53903

Korean chip makers cancel further production cuts Nov 04, 1998 - Korean semiconductor chip makers have canceled their plans for a further reduction of output, as they are running out of stock and overseas orders are on the rise, according to industry sources. Export prices of dynamic random access memory chips are recovering. The price of 64-megabit DRAM chips, which hit rock bottom in July, jumped to around US$10, and the price for EDO chips rose to US$11, the sources said. Even 16-meg DRAM chip prices increased 30% to about US$3. As demand increases, Samsung Electronics, LG Semicon and Hyundai Electronics Industries abandoned their production cut plans. In particular, Samsung Electronics is expecting as much as 1 trillion won (about US$740 million) in 1998 before-tax profit in the semiconductor business. The sources said that a series of production cuts by Korean and Japanese companies had paid off and that anti-dumping accusations by UMC-Vanguard and 12 other Taiwanese chip makers and by the U.S. had created demand from buyers.

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